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They Love Crypto. They’re Trying to Buy the Constitution.



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“We’re going to stop it from going into more private hands and actually open-source it, make it a public good,” said Alice Ma, one of the organizers.In truth, ConstitutionDAO is more a symbolic gesture to decentralization technology than a real-world demonstration of it. Some in the group had initially hoped to make participants fractional owners of the Constitution, but that plan fell apart, possibly because it could run afoul of securities laws. The current plan is to issue crypto tokens, called $PEOPLE, that will entitle participants to vote on certain decisions governing the Constitution’s use, but won’t confer any actual ownership.In addition, since Sotheby’s acc …

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