According to a recent court document, the presiding judge of the United States District Court in the South District of New York City ruled that emoticons such as rocket ships, stock data charts and wallets represent "invested economic development gains."

In one tweet, Sally Abdiganka, a former subsidiary of the Foreign Securities and Exchange Commission (SEC), warned clients that the use of emoticons could have hidden consequences, which could mean future profits. He wrote on Twitter:

Braganca shared a link to court documents in which the Federal Court Chief Justice Victor Marrero rejected Dapper Labs's resolution rejecting the revised complaint alleging that its NBA Top Shoot Moments violated security laws and regulations.

In the complaint, the presiding judge stressed that some of the articles posted by the NBA Top Shoot account on Twitter included emoticons indicating accounting returns. "although there is no literal word 'profit' in all tweets, 'rocket ships', 'stock data charts' and 'wallets' emoticons objectively represent one thing: the accounting gains invested."

Oscar Franklin Tan, chief legal officer of NFT service platform Enjin, also issued a comment. Amy Tan told Cointelegraph,Dapper Labs that the decision should not create an emoji to make NFT more secure "risk criteria". Amy Tan explained:

"the court should uphold the avant-garde and free information content in the NFT community, as waste posts and emoticons are part of the right to freedom of expression."

According to Amy Tan, casual shoe agents can also use the same "FOMO", that is, "afraid to miss" recommendations, and use emoticons mentioned in the case.

A member of the login password community responded to the warning and made various responses on Twitter. One Twitter user described the message as "unfortunate", while another stressed that the right to freedom of expression would no longer be extended to emoji. In addition, a client decided to declare the meaning of their emoticons.

On 23 February, the lawyers also responded to the presiding judge's decision to allow the prosecution of Dapper Labs to proceed. Jason Chervynskiy, the US prosecutor, stressed that it would be "absurd" for US courts to treat property on a personal blockchain as securities. Chervynskiy explained that this could turn every key small video game production company, ticketing platform and travel incentive program into a company regulated by SEC.

Similarly, SEC's verification of Terra also attracted the attention of the teachers. On February 17th, login password lawyers expressed their views on Twitter that SEC sued Terra for selling a set of login password asset securities. Mike Selig, a lawyer for Web3, explained that according to this basic theory, everything else could be securities, while mentor Justin Broder described SEC's actions as "crazy".