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S 1357 118th Congress Senate Finance and Financial Sector

Responsible Digital Asset Advertising Act of 2023

Introduced: April 27, 2023 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 27, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 27, 2023
Introduced in Senate
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 Plain-English summary Congressional Research Service

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.

What's happening now April 27, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 1
  • S 2281 Related bill Lummis-Gillibrand Responsible Financial Innovation Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Lummis, Cynthia M.
Wyoming · Apr 27, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1357: Responsible Digital Asset Advertising Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-1357/
MLA
"S. 1357: Responsible Digital Asset Advertising Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-1357/.
Bluebook (legal)
S. 1357, 118th Cong. (2026), https://openamerica.io/bill/118-S-1357/.
Markdown link
[S. 1357: Responsible Digital Asset Advertising Act of 2023](https://openamerica.io/bill/118-S-1357/)
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