The measure needed two-thirds support but got only 65%, even after late endorsements from Cardano's founder and the Foundation CEO.

The measure needed two-thirds support but got only 65%, even after late endorsements from Cardano's founder and the Foundation CEO.

Cardano Foundation cancels its 2026 summit in Singapore after a treasury proposal for 7.8 million ADA fell short of the two-thirds governance approval threshold.

The Cardano Foundation has canceled an annual conference after failing to secure approval from governance members to fund the event.

The Cardano Foundation's flagship conference was scrapped after a funding proposal failed to secure the two-thirds support required under the blockchain's new governance system.

Cardano DReps rejected a 7.8M ADA Summit 2026 treasury ask at 65.21%, just below the 66.67% supermajority. The Foundation will cancel the Singapore event.

Cardano’s (CRYPTO: ADA) community voted down funding for the Cardano Summit 2026, with the proposal falling short of the required two-thirds supermajority and se