S 1357
118th Congress
Senate
Finance and Financial Sector
Responsible Digital Asset Advertising Act of 2023
Introduced: April 27, 2023
See on congress.gov
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
Plain-English summary
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
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1
Cosponsors
1