Cardano founder Charles Hoskinson and Cardano Foundation CEO Frederik Gregaard have publicly endorsed the revised Cardano Summit 2026 proposal, urging delegated representatives to approve a 7.8 million ADA treasury withdrawal for the event in Singapore. According to BeInCrypto, the on-chain vote requires approximately 66.67% support from active DRep stake, with recent snapshots showing yes votes near 65% as the May 29 deadline approached. The proposal seeks to fund a two-day summit on October 5 and 6, with a budget trimmed by 22% and new accountability measures in place.