S 1357 · 118th Congress · Finance and Financial Sector

Responsible Digital Asset Advertising Act of 2023

Introduced 2023-04-27· Sponsored by Sen. Sinema, Kyrsten [I-AZ]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2023-04-27)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Sen. Lummis, Cynthia M. [R-WY]WY