Charles Hoskinson Eyes Wyoming Politics With Ambitious New PAC Launch

• Charles Hoskinson could have a major sway on the Wyoming 2026 elections.
• Hoskinson believes Cardano (ADA) was wrongfully snubbed from the Wyoming stablecoin project, alleging a conflict of interest.
• A lawsuit against the state is viable, but Hoskinson doesn’t see it as a worthwhile endeavor.

Cardano (ADA) founder Charles Hoskinson has announced his intentions to become a player in local politics in 2025 as he plans to launch the Wyoming Integrity Political Action Committee (PAC).

Concerned with corruption, procurement policies following the Wyoming Stable Token (WST) project snub, and other issues of regulation and bureaucracy, billionaire Hoskinson will be putting his money where his mouth is with his first foray into U.S. politics.

Hoskinson’s PAC

According to a conversation between Hoskinson and  local media outlet Cowboy State Daily, the Web3 tech billionaire is displeased with how the state is running things.

So, he’s setting out to establish his own PAC and influence Wyoming policies .

More specifically, one of the PAC’s top priorities will be procurement policies.

Hoskinson admits it’s not the most exciting topic in the world, but an overhaul in the realm could reap major fiscal benefits for the state.

“You need an open procurement process, which is built to prevent large actors from coming in and co-opting the state and robbing the taxpayers in the state of Wyoming and taking their money and putting it in California or New York,” he added.

Hoskinson also wants to put an end to corruption and theft in government and aims to upgrade and update regulations and processes to fit the demands of modern-day life.

After putting $100 million into opening an anti-aging and regenerative medicine clinic in 2023, Hoskinson says he was surprised at the lengthy time it took to hire doctors and get them licensed in Wyoming for the clinic.

In addition, he’s not fond of investments from Bill Gates and Mark Zuckerberg, who’re setting up power and data centers in the state, as he thinks Wyoming regulations are inadequate.

Moreover, the move was largely prompted after Cardano was seemingly snubbed from the WST project. Hoskinson alleged conflicts of interest in the selection process and major inconsistencies in the scoring criteria.

Wyoming Stablecoin

Hoskinson and Cardano had initially been involved in the development of the stablecoins rules but were then barred from bidding on the project altogether.

Instead, the likes of Solana ( SOL ), Stellar (XLM), Sui (SUI), Avalanche (AVAX), and Ethereum ( ETH ) were allowed to bid. He says:

“That is not procurement, that is a no bid contract built to benefit a small group of people,”

He notes that the biggest blockchain company in Wyoming, Cardano, is excluded and not allowed to bid.

According to the report, WST Executive Director Anthony Apollo refuted this, stating that the pre-qualified networks were deemed “in-scope” for the initial deployment.

The state’s Blockchain Selection Working Group said it had evaluated Cardano.

It passed four out of the five criteria needed to become a pre-qualified vendor, though it failed a freeze-and-seize test.

In short, this would give the state the power to confiscate crypto for criminal or other reasons. Cardano argues that the working group narrowly interpreted this requirement.

Furthermore, Hoskinson says the required qualifications were never made public.

He also notes that Apollo is a former employee of Ethereum development firm Consensys and alleges bias and conflict of interest.

Hoskinson said that there is a plausible route for a lawsuit against the state, though he doesn’t believe it would be worthwhile.