{"id":10603,"date":"2023-02-26T19:59:36","date_gmt":"2023-02-26T19:59:36","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=10603"},"modified":"2023-02-26T19:59:37","modified_gmt":"2023-02-26T19:59:37","slug":"former-sec-chief-warns-against-using-emojis-for-investment-advice","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=10603","title":{"rendered":"Former SEC chief warns against using emojis for investment advice"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<h2>Ad<\/h2>\n<p>Former SEC branch chief Lisa Braganca warned the public against using certain emojis in promotional materials following a court ruling that classified DapperLabs\u2019 use of emojis as investment advice.<\/p>\n<p>Braganca issued the warning via Twitter while referring to a recent court ruling against DapperLabs.<\/p>\n<p>Lisa Braganca via Twitter (24\/02\/2023)<\/p>\n<p>Using emojis relating to rocket ships, stock charts, and money bags could be classified as investment advice, according to the court ruling by Judge Victor Marrero on Feb. 22.<\/p>\n<p>The ruling against emojis was contained in a lawsuit filed against Dapper Labs and its CEO Roham Gharegozlou for allegedly violating securities laws by offering its NBA Top Shot Moments.<\/p>\n<p>NBA Top Shot Moments are non-fungible tokens (NFT) that capture key highlights and video clips from NBA games.<\/p>\n<p>The plaintiffs accused Dapper Labs of promoting NBA Shot Moments as investment opportunities, through its marketing materials with carefully selected emojis.<\/p>\n<p>\u201c\u2026 although the literal word \u201cprofit\u201d is not included in any of the Tweets, the \u201crocket ship\u201d emoji, \u201cstock chart\u201d emoji, and \u201cmoney bags\u201d emoji objectively mean one thing: a financial return on investment,\u201d the filing stated.<\/p>\n<p>The court filing referenced a tweet in which DapperLabs used the rocket ship, stock market, and money bags emoji to show market performance.<\/p>\n<\/p>\n<p>Dapper Labs has argued that the use of the emojis in the tweets was intended to provide accuracy to market data and not a means of promoting sales.<\/p>\n<p>However, several members of the crypto community have argued that Emojis could mean different things to different folks, hence, a rule on its usage could impede\u00a0the freedom of speech.<\/p>\n<p>Posted In: U.S., Legal, NFTs<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/former-sec-chief-warns-against-using-emojis-for-investment-advice\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ad Former SEC branch chief Lisa Braganca warned the public against using certain emojis in promotional materials following a court ruling that classified DapperLabs\u2019 use of emojis as investment advice. Braganca issued the warning via Twitter while referring to a recent court ruling against DapperLabs. Lisa Braganca via Twitter (24\/02\/2023) Using emojis relating to rocket [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-10603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10603"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10603\/revisions"}],"predecessor-version":[{"id":10605,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10603\/revisions\/10605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/10604"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}