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Having reached a high of about $1,400, an Olympus token is now worth only about $30, a loss of nearly $4 billion in value. Major corporate players are also getting involved, like JPMorgan Chase, which opened an outpost in Decentraland, a “lounge” to promote its Onyx payment network that includes a digital portrait of its chief executive, Jamie Dimon. For now, federal regulators have little clear legal authority to oversee these entities, unless a DAO appears to be violating securities…

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