In a livestream broadcast on December 19, 2024, Cardano founder Charles Hoskinson delivered new remarks on the conflict with the Cardano Foundation, structural complications, and strategic priorities moving into 2025.
“It’s About Governance”
Hoskinson began by acknowledging the shift from “governance on paper” to “governance reality” throughout 2024, referencing a series of “deep and significant governance conversations” during the December Constitutional Convention. He highlighted the historical trajectory of the Cardano Foundation’s board composition and jurisdictional issues dating back to 2014, as well as disputes that arose in 2021 and earlier.
He described the Foundation’s origins, including the initial founding by Michael Parsons on the Isle of Man and the subsequent relocation to Switzerland. According to Hoskinson, the legal entity known as a “Stiftungsrat” (foundation) had
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