Responsible Digital Asset Advertising Act of 2023
- Last Action
- 4/27/2023
Actions
- 2023-04-27Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-04-27Introduced in Senate
CRS Summary
As of 2023-04-27 (00)
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.
Cosponsors (1)
- Cynthia Lummis (R-WY)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.