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Mastodon forms new U.S. non-profit
(blog.joinmastodon.org)
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this post was submitted on 27 Apr 2024
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It is.
The people in charge of maintaining Mastodon in particular though need to establish some kind of legal entity and that needs legal recognition somewhere.
Why? Bitcoin does not and that is the point. If there is a throat to chock some will chock it or take it over.