Be very wary. I read up on this extensively in the past and from what I can tell, it's not so much about copyright law as it is about copyright office policy. The law is not clear and they currently interpret the law to say that images of fonts cannot be copyrighted. It wouldn't require a change of law, just a rethink or a successful lawsuit to change this. And I know of at least one company ( who sell fonts for $1,000's of dollars each ) who have said they plan to start just such a lawsuit.
How to incbin a font and use it? + Copyright issue
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