Cardano Foundation cancels annual conference after failed funding vote
Summary
Cardano Foundation canceled its 2026 Cardano Summit after the community rejected funding from the treasury. The revised proposal asked for 7.8 million ADA, worth about $1.84 million, and received 65.2% support—below the 66.67% approval needed. Voting closed Friday, and the foundation said it would respect the collective decision. The summit had been planned for Oct. 5–6 in Singapore. The outcome reflects ongoing tension between Charles Hoskinson and Delegated Representatives pushing for tighter treasury spending, after a previous, larger funding request was also rejected. EMURGO separately won approval to represent Cardano at TOKEN2049 in Singapore.
