Wyoming excludes Cardano and its Midnight project from its state-backed stablecoin development shortlist.
Charles Hoskinson criticizes the process as opaque and potentially influenced by Ethereum ties.
Hoskinson hints at possible legal action and warns of political consequences.
Cardano founder Charles Hoskinson has responded to Wyoming’s decision to exclude Cardano and its privacy-focused Midnight project from the shortlist of blockchains for the state’s official stablecoin development.
In a recent announcement, the Wyoming Stable Token Commission announced its selection of blockchains for the state’s inaugural stablecoin project. The list includes Solana, Avalanche, Sui, Stellar, and Ethereum (along with layer-2 solutions like Polygon, Arbitrum, Base, and Optimism).
Cardano was notably absent from the list, which has raised eyebrows, particularly given Wyoming’s close ties to Hoskinson and his blockchain initiatives. The exclusion of Cardano has drawn sharp criticism from Hoskinson, who accused the selection process of lacking transparency and fairness.
Hoskinson Slams Decision, Hints at Legal Action
In response to the announcement, Hoskinson …
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