Cardano founder Charles Hoskinson responded to concerns about the governance structure of the Cardano Foundation (CF). Charles Hoskinson has been keen on maintaining the Cardano Foundation's commitment to decentralization principles, especially regarding community oversight of the foundation. He pointed out that the foundation has no affiliation with the other two main stakeholders in the ecosystem, IOHK (Input Output Global) or Emurgo.
However, he stated that the use of the Cardano Foundation's $600 million ADA treasury does not directly represent the community. In his view, the foundation's lack of enthusiasm for funding projects like Catalyst may hinder the development of the ecosystem.
Hoskinson also noted that this approach could lead to future sustainability issues for the ecosystem, especially considering that major contributors like IOHK work without proper incentives.

Cardano supporter Rick McCracken raised some questions about IOHK's transparency, bringing up issues regarding leadership decisions and the overall direction of the ecosystem, and advocating for a change in governance.
In response to McCracken's statements, Hoskinson acknowledged that IOHK does have some issues, such as needing to downsize during bear markets, but the organization has always focused on ecosystem development.