- The founder of Cardano Charles Hoskinson plans to launch a political business committee (PAC) in Wyoming.
- This step follows his frustration with the process of giving the distinctive symbol (WST), which excludes Cardano.
- Hoskinson claims that the process preferred Ethereum and Major Stablecoin due to the alleged bias.
The founder of Cardano Charles Hoskinson is not strange to the controversy, and his latest battle revolves around the Wyoming’s Stable Tokeen (WST) project. After excluding Cardano from the Blockchain selection process, Hoskinson is now looking to reshape the political scene of Wyoming, and the launch of a political action committee (PAC) to influence the rules of politics and purchases.
System Challenge: Hoskinson’s Pac Plans
In data for Local mediaHoskinson revealed his plan to finance and support political candidates who will defend more transparency in state contracts. His main complaint lies in the WST committee’s decision to take into account only Blockchains, which included ETHEREUM, Avalanche, Solana, Stellar and SUI, but excluded Cardano.
“This is not purchases, and this is a contract without a hindrance that was designed for a small group of people,” he said, describing this process that is unfair and biased.
PAC aims to challenge this closed decision -making process and enhance the provision of open bids for Blockchain projects in Wyoming.
Business allegations in the WST selection process
Hoskinson suggests that the exclusion of Cardano was part of a broader plot that includes the former ETHEREUM developers, the Stablecoin Issuer, and Blackrock in favor of the ETHEREM -based solutions.
At his claim center Anthony Apollo, Executive Director of the WST Committee, which has several years in Consensys, a leading company to develop ETHEREUM.
Apollo defended the selection process, saying that Cardano failed to test “asset freezing and seizure”, one of the selection criteria. However, Hoskinson criticized the committee for not adopting these standards in public and depriving Cardano the opportunity to show compliance.
According to Hoskinson, a lack of transparency in state decisions can allow major companies to manipulate contracts, while maintaining the concentration of innovation in the hands of a few players.
Besides excluding him from the operation, Hoskinson expressed doubts about the long -term success of the WST project. It argues that the budget of $ 5.8 million is not enough to compete with private companies that make billions of dollars annually.
Call the current plan to failure, Hoskinson suggests that Wyoming should save the current approach and start again, this time with a transparent purchase that includes all the qualified Blockchain networks.
