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Responsible Digital Asset Advertising Act of 2023

This bill sets forth requirements for the advertising of digital assets. Advertisements must not make any false or misleading claims or omit any material fact or qualification. Advertisements must also disclose applicable fees and whether someone was paid for a testimonial.

The Securities and Exchange Commission and the Commodity Futures Trading Commission must enforce this bill and may collect fees to offset the cost of supervising these advertisements.

Senate Actions

IntroReferral
Apr. 27 2023	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

IntroReferral
Apr. 27 2023	Introduced in Senate

Senate bill S1357-118

Responsible Digital Asset Advertising Act of 2023

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