Odaily Planet Daily reported that Cardano founder Charles Hoskinson responded to concerns regarding the governance structure of the Cardano Foundation (CF). Charles Hoskinson has been keen on maintaining the Cardano Foundation's commitment to decentralized 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 could 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, addressing issues related to leadership decisions and the overall direction of the ecosystem, and advocated for a change in governance. In response to McCracken's statement, Hoskinson acknowledged that IOHK does face some issues, such as needing to lay off employees during bear markets, but emphasized that the organization remains focused on ecological development.