Recently, the US Securities and Exchange Commission (SEC) issued a new law on the use of certain emojis in financial discussions related to cryptocurrency. Specifically, the use of ????, ????, and ???? emojis is now considered as financial advice and can lead to legal consequences.
As per Former SEC Branch Chief Lisa Braganca on twitter, these emojis ???????????? objectively mean "one thing: a financial return on investment." Users of these emojis are hereby warned of the legal consequence of their use.
Here in the recent NBA TopShots NFT case where they are trying to turn it into a security
Sources:
https://twitter.com/LisaBraganca/status/1628868429540126720
https://twitter.com/unusual_whales/status/1628944551988822016
The SEC going after emoji use really sounds like a meme, can't believe we are witnessing this
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