HomeUncategorizedEmojis count as financial advice and have legal consequences, judge rules By Cointelegraph

Emojis count as financial advice and have legal consequences, judge rules By Cointelegraph

February 24, 2023

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A United States District Court judge for the Southern District of New York ruled that emojis like the rocket ship, stock chart and money bags mean “a financial return on investment, ” according to a recent court filing.

In a tweet, former United States Securities and Exchange Commission (SEC) branch chief Lisa Braganca warned users of the potential legal consequence of using emojis that may indicate future gains. She tweeted:

Tweets made by NBA Top Shot cited by the judge. Source: Court filing
A community member making a declaration on their emoji usage. Source: Twitter