The Cardano Foundation regrets to inform our community that we have been served with a lawsuit by the U.S. Securities and Exchange Commission (SEC) on December 8, 2024.
In light of this unexpected legal action, we have made the difficult decision to immediately cease all support towards the $ADA token to ensure compliance with regulatory requirements.
We understand the impact this may have on our valued community members and stakeholders, and we assure you that we are committed to providing support during this transition.
We will be sharing further details regarding the next steps and how we plan to assist all holders of $ADA in the coming days.
Thank you for your understanding and support during this time.
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Last chance to own a Cardano Summit 2024 NFT by 25 young global artists. Every purchase supports UNHCR, empowers artists, and funds sustainable art initiatives.
The global Cardano community gathers in Buenos Aires and Nairobi to deliberate and ratify the first-ever Cardano Constitution — laying the foundation for decentralized self-governance. 📜
As part of our role as an Interim Constitutional Committee (iCC) member, we have completed our constitutional assessment of the governance action: "Plutus V3 Cost Model Parameter Changes Prior to Chang#2."
The governance action has been deemed constitutional. 🗳️