Cardano founder Charles Hoskinson has criticized Wyoming Token Commission executive director Anthony Apollo for ignoring Cardano and XRP in the stablecoin project.
Hoskinson has been vocal about recent developments in the Wyoming stablecoin project. For context, the agency announced nine chains where Wyoming would issue the imminent state-backed stablecoin, including networks like Ethereum, Stellar, and Sui.
However, the major shock came when the project did not include Cardano, Bitcoin, and XRP as networks that could accomodate the stablecoin. The decision did not bode well with Hoskinson, who has repeatedly cited a bias.
Cardano Founder Taunts Apollo
In a tweet today, Hoskinson taunted the Wyoming Token Commission’s head, Anthony Apollo, for the snub. He reposted a tweet from a Cardano enthusiast, stating that the executive director overlooked Cardano and XRP but chose Ethereum because he knows a lot about the network.
The Cardano founder stated that his knowledge came from his time with Consensys, one of the core developers of the Ethereum network. He implied that Apollo was biased in his decision to include Ethereum and snub Cardano.
Notably, the response came to a tweet from Stake With Pride, one of the Cardano ecosystem’s SPOs and Dreps. The user shared a clip from the December 13 Wyoming Joint Appropriation Committee meeting, where Apollo insinuated that Cardano is centralized.
Apollo Cites Reasons for Cardano Snub
Meanwhile, Apollo appeared before the Wyoming Legislative Committee on Friday to provide updates on the stablecoin project. Notably, the legislature inquired whether Apollo treated Wyoming-based blockchains disparately to make the bidding process unfair.
The executive director responded that he had a series of meetings with Cardano’s representatives and involved the network in the selection process. However, he disclosed that Cardano passed four of the five criteria but failed the freeze and seize test.
Furthermore, he admitted that Cardano’s Midnight would have ensured that the network met the criteria. Nevertheless, the innovation was still on testnet during the assessment, and the agency stated explicitly that it needed all required technologies fully functional on the chain.
In the meantime, Hoskinson called on the unselected networks to pursue legal actions against the Wyoming Token Commission. He argued that such disparity would create an uneven competitive landscape among digital asset firms in the United States.
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