Regulation

“Emojis Now Symbolize Money Gains; Legal Repercussions”

According to the U.S. District Court judge, emojis like the

“Emojis Now Symbolize Money Gains; Legal Repercussions”
Image preserved from the Inside Crypto archive

According to the U.S. District Court judge, emojis like the

stock chart, rocket ship, and money bags represent a financial return on

investment.

Former U.S. Securities and Exchange Commission (SEC) branch

chief Lisa Braganca used Twitter to alert users to the potential legal

repercussions of using emojis that might allude to potential future gains.

She also provided a link to a court document in which Victor

Marrero, a federal court judge, rejected Dapper Labs' request to dismiss the

amended case alleging that NBA Top Shot Moments had broken security laws.

The judge noted in the lawsuit that certain posts from the

NBA Top Shot Twitter account contain emoticons that stand for financial gains.

Despite the fact that no tweets used the word "profit," emojis used

to resemble financial charts,

Changed Words.