Charles Hoskinson urges Cardano Foundation to leave Switzerland for community-driven governance
Charles Hoskinson, founder of Cardano, advocates for relocating the Cardano Foundation to a jurisdiction that allows community-elected board members. He criticized the current Swiss arrangement, where board members are appointed by the government without community input. Hoskinson suggested regions like Abu Dhabi or Wyoming as alternatives that support inclusive governance. He emphasized the potential for collaboration between the community and the Foundation to create a transparent structure. The Cardano Foundation, established in 2016 under Swiss law, lacks a community-based board election model. Despite attempts to enhance transparency, governance issues and internal conflicts persist, prompting ongoing calls for leadership restructuring. The Foundation plans to host an X Spaces series to address operational matters.
