To address advertising by digital asset intermediaries, and for other purposes.
Summary
What This Bill Does
The bill provides advertising by digital asset intermediaries Before a digital asset intermediary may make a covered advertisement available to the public, an officer of the digital asset intermediary shall be required and provides offsetting the costs of digital asset advertising supervision Beginning October 1, 2024, the Securities and Exchange Commission and the Commodity Futures Trading Commission may, jointly, by rule, collect fees—. It relies on appropriations, reporting requirements, compliance mandates, and tax rate changes. The main policy areas are Education, Finance, and Environment.
Who Benefits and How
Financial services firms and customers affected by the bill could face lower compliance burdens, Environmental and public health interests affected by the bill could face lower compliance burdens, and Educational institutions and students affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Provides advertising by digital asset intermediaries Before a digital asset intermediary may make a covered advertisement available to the public, an officer of the digital asset intermediary shall be required...
- Provides offsetting the costs of digital asset advertising supervision Beginning October 1, 2024, the Securities and Exchange Commission and the Commodity Futures Trading Commission may, jointly, by rule, collect fees—...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill provides advertising by digital asset intermediaries Before a digital asset intermediary may make a covered advertisement available to the public, an officer of the digital asset intermediary shall be required and provides offsetting the costs of digital asset advertising supervision Beginning October 1, 2024, the Securities and Exchange Commission and the Commodity Futures Trading Commission may, jointly, by rule, collect fees—.
Key Policy Areas
Education, Finance, Environment
Primary Purpose
The bill provides advertising by digital asset intermediaries Before a digital asset intermediary may make a covered advertisement available to the public, an officer of the digital asset intermediary shall be required and provides offsetting the costs of digital asset advertising supervision Beginning October 1, 2024, the Securities and Exchange Commission and the Commodity Futures Trading Commission may, jointly, by rule, collect fees—.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
- Educational institutions and students affected by the bill
- Businesses and employers affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
Sponsors
Legislative Progress
IntroducedMs. Sinema (for herself and Ms. Lummis) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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