Cardano (ADA) 2026 Summit Scrapped as Treasury Vote Misses Mark by 1.46%
The post Cardano (ADA) 2026 Summit Scrapped as Treasury Vote Misses Mark by 1.46% appeared on BitcoinEthereumNews.com. Key Points Cardano Foundation withdraws plans for 2026 summit following unsuccessful treasury funding vote that missed supermajority requirement Modified funding request for 7.8 million ADA (approximately $2 million) achieved 65.21% approval, falling 1.46% below the mandatory 66.67% threshold Initial funding proposal sought 14 million ADA (roughly $3.66 million) but faced rejection in May, prompting a reduced resubmission EMURGO’s independent TOKEN2049 Singapore conference proposal successfully passed, ensuring Cardano representation at the October gathering The outcome highlights growing resistance among Cardano’s delegated representatives toward treasury expenditures by founding entities The Cardano Foundation has officially withdrawn its 2026 annual summit following a governance vote that came agonizingly close but ultimately failed to authorize necessary treasury f