Cardano separates fund approval and execution… Hoskinson: "No CEO authority"
Original headline카르다노 자금 승인·집행 분리…호스킨슨 “CEO 권한 없다”
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Cardano’s treasury spending is now split between DRep approval and Constitutional Committee eligibility review, with recipients and administrators responsible for execution and public disclosure of spending and results. Founder Charles Hoskinson said during a Nov. 7 AMA that he has no CEO-like authority in the ecosystem, does not control the treasury or blockchain consensus operations, and cannot negotiate on behalf of all ADA holders. The clarification matters because ADA holders delegate voting power to DReps, who decide which proposals receive funding and must justify those choices. Watch next for how DRep voting and Constitutional Committee reviews shape treasury allocations and whether Hoskinson’s limited formal role affects governance expectations.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Cardano (ADA), Charles Hoskinson, ADA (ADA), DRep, Constitutional Committee
A linked name opens that asset's sentiment page.