wild misinformation ads would be OK too…
Yes. Because the government is not the supreme arbiter of truth. If someone wants to put out an advert saying the sky is yellow they can. Our society functions on the principle that an open market of ideas will result in the best ideas prospering while a closed market of ideas would stifle new better ideas.
In the US, a representative democracy, people typically want to vote for a representative (here the Pres.) who shares their views on issues. The US isn’t going to have a national referendum on Gaza where the people can directly vote.
What ever your view point(s) your time to vote on your issue(s) is during a presidential or midterm election.