; or (iii) a price target contained in a research report, if the target has a reasonable basis, the report discloses the valuation methods used to determine the price target, and the price target is accompanied by a disclosure concerning the risks that may impede achievement of the price target. (8) Any comparison in the covered advertisement between digital assets, digital asset intermediaries, or digital asset-related services shall disclose key material differences between the applicable items, including, as applicable, differences with respect to return objectives, costs and expenses, liquidity, safety, guarantees or insurance, volatility, and tax features. (9) The covered advertisement shall prominently disclose the following: (A) The fact that the covered advertisement is governed by this section and is subject to Federal law. (B) The name of the applicable digital asset intermediary. (C) The name of the officer who made the certification with respect to the covered advertisement, as required under subsection (a). (D) Any relationship between the applicable digital asset intermediary and any person that appears in the covered advertisement or any compensation offered by that digital asset intermediary to such a person. (E) Registrations, licenses, or other authorizations in good standing that are held by the applicable digital asset intermediary. (10) (A) In the covered advertisement, any reference to tax-free or tax-exempt income shall indicate which taxes apply, or which do not, unless income is free from all applicable taxes. (B) For the purposes of subparagraph (A), the covered advertisement may not characterize income or returns as tax-free or exempt from income tax if tax liability is merely postponed or deferred, such as when taxes are payable upon redemption. (C) The Commissions may, by rule, adopt further standards regarding tax considerations that appear in covered advertisements. (11) The covered advertisement shall disclose the amounts of the following fees with respect to the digital asset or