The founder of Cardano calls for the Cardano Foundation to move to a jurisdiction that allows users to elect board members

2024-12-18 18:59:51
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ChainCatcher news, according to Cryptoslate, Cardano founder Charles Hoskinson has called for the Cardano Foundation to relocate to a jurisdiction that allows users to elect board members. He raised this issue in a post on social media platform X on December 18, while encouraging the Cardano community to inquire about the foundation's board structure and decision-making processes.

The Cardano founder expressed concerns about the current arrangement, where board members are appointed by the Swiss government without community input. He also urged the community to ask questions about individuals related to the foundation's past decisions and its relationship with Intersect. In light of this, Hoskinson criticized the foundation for remaining in Switzerland instead of moving to regions like Abu Dhabi or Wyoming, which support more inclusive governance models. According to Hoskinson, this move would enable the community to collaborate with the foundation to establish a new structure that promotes transparency and member participation.

The Cardano Foundation was established in 2016 and operates under Swiss law, which does not allow for community-based board elections. Meanwhile, as Hoskinson made his latest remarks, the organization continues to face criticism over governance issues, internal conflicts, and the marginalization of major donors.

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