*#Cardano governance fight grows as Hoskinson audits 11,000 DAOs*
Charles Hoskinson just launched a sweeping governance review covering *11,000+ DAOs and a decade of research* to overhaul how Cardano handles internal conflicts. He announced it on X May 23, 2026, saying the goal is to propose new features for Cardano’s constitution around executive function, roadmap, and strategy. 5eb5
*Why now*: The fight exploded over IOG’s treasury funding proposal for Cardano’s 2026 research roadmap. *87% of DReps are voting against it* ahead of the June 8 deadline. Hoskinson warned if it’s rejected, IOG won’t resubmit and layoffs could follow, damaging Cardano’s “research-driven identity”. 5eb5
*Hoskinson’s next moves*:
1. *Considering registering as a DRep himself* to get a direct on-chain vote 5eb5
2. *Hosting a mini-convention before the 2027 governance cycle* to align stakeholders on constitutional reforms 5eb5
*Background tension*: This comes after months of audit drama. Hoskinson faced accusations he used a “genesis key” to seize 318M ADA ∼$619M during the 2021 Allegra hard fork. He called it misinformation, said 99.8% of ADA vouchers were redeemed, and the rest went to Intersect after a 7-year grace period. An independent audit was released to clear IOG. 0acae00e
*$ADA now*: $0.2451, +2.94% today. Market cap $8.6B. 991c
*Bottom line*: Cardano’s decentralization experiment is hitting real politics. Hoskinson’s DAO audit signals he wants more centralized strategy/execution power baked into governance, while DReps are pushing back on IOG’s funding. Governance wars = volatility ahead.
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