Responsible Digital Asset Advertising Act of 2023

Bill 118 s 1357, also known as the Responsible Digital Asset Advertising Act of 2023, aims to regulate the advertising of digital assets in the United States. The bill seeks to protect consumers from misleading or fraudulent advertisements related to digital assets, such as cryptocurrencies and non-fungible tokens (NFTs).

Under the provisions of the bill, advertisers of digital assets would be required to provide clear and accurate information about the risks and benefits associated with investing in these assets. Advertisements would also need to disclose any potential conflicts of interest or affiliations that could influence the information presented.

Additionally, the bill would establish a regulatory framework for overseeing digital asset advertising, including the creation of a Digital Asset Advertising Oversight Board. This board would be responsible for monitoring and enforcing compliance with the advertising regulations outlined in the bill. Overall, the Responsible Digital Asset Advertising Act of 2023 aims to promote transparency and accountability in the advertising of digital assets, in order to protect consumers from deceptive practices and ensure the integrity of the digital asset market.