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Charles Hoskinson proposes moving Cardano Foundation to Abu Dhabi or Wyoming

Relocation for Improved Governance: Charles Hoskinson asserts that relocating the Cardano Foundation to Abu Dhabi or Wyoming could transform its governance, enabling community voting for board members. This move aims to address the limitations imposed by current Swiss laws that restrict community engagement.

Cybersecurity and Market Impact: Recent cybersecurity issues, including a hack that spread a false advertisement for a non-existent token called ADAsol, have heightened concerns for the Foundation. Following this incident, ADA’s value fell over 20% amid a broader market decline, reflecting the turbulent conditions.

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