Cardano ($ADA) Founder Plans to Sue Wyoming State Officials for Dropping Cardano and Ripple in Token Development
Charles Hoskinson showed his disappointment against partiality in the selection of the crypto project for the Wyoming Stable token development.
Charles Hoskinson is the founder of Cardano & CEO of Cardano developer firm Input Output Hong Kong Global (IOG). Hoskinson is a very serious crypto entrepreneur who always remains strong with his determination to push blockchain development to the next level in the practical world. To achieve his vision of blockchain technology adoption, he stepped out from the Ethereum crypto project in 2013 & after years of hard work he founded Cardano blockchain.
On 25 Nov 2024, Cardano founder Charles Hoskinson appeared in a new video broadcast on popular social media platform X (formerly Twitter).
In the podcast, Cardano’s founder accused the Wyoming Stable Token Commission of favouring certain crypto blockchain networks & ignoring the transparency selection procedure.
Hoskinson noted that his blockchain firm, IOG, had served in an advisory capacity over the past 18 months but failed to get any kind of information about the criteria or any type of procedures for selecting blockchains.
However, Hoskinson already talked about this issue via a tweet post in response to a Cardano enthusiast’s post regarding Wyoming’s stable token, three days ago.
Through the podcast, he suggested the excluded crypto blockchains pursue legal action against the Wyoming Stable Token Commission.
He stated that he would not allow the commission to use taxpayers’ money to create an uneven competitive landscape among the crypto companies in the jurisdiction of the US.
To point out the partiality in the Wyoming stable token project-related decisions, Hoskinson dragged their finger toward the selection of Stellar, which is not superior in terms of technical advancement & payment expertise over Ripple.
Read also: Bad news for crypto! No chance for altcoins to spot ETF approval in early 2025
