Responsible Digital Asset Advertising Act of 2023

This bill requires companies that handle digital assets (like crypto exchanges or brokers) to get officer approval before publishing any public ads about buying or using digital assets. It mandates clear disclosures in ads, including all fees, risks like price volatility, and full details about why recommendations are made - prohibiting misleading claims or false promises about past performance. The Securities and Exchange Commission and Commodity Futures Trading Commission will enforce these rules, with fines up to $1 million for repeated violations. The law directly affects digital asset companies, not end-users, and focuses on making advertising transparent and fair.