In the face of the two-thirds iron law, founder calls are useless; Cardano is truly decentralized this time.

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The Cardano Foundation cancels the 2026 summit due to the treasury funding proposal not passing.
The Cardano Foundation announced that, due to on-chain governance voting not reaching the two-thirds threshold, the Cardano 2026 Summit originally scheduled to be held in Singapore this year has been canceled. Despite the revised proposal receiving 65.21% DRep staked support and approval from a majority of representatives, it still did not meet the 66.67% threshold required for treasury funding proposals. Founder Charles Hoskinson and the Foundation CEO Frederik Gregaard also publicly called for support, but that did not pass either.
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