According to @Cardano, anyone can now become a Delegated Representative (DRep) on the Cardano blockchain and participate directly in governance by voting on proposals, with the added transparency of publicly sharing their rationale behind each decision (Source: @Cardano, 2024-06). This advancement aims to enhance the legitimacy and efficiency of blockchain governance, providing a transparent, real-world alternative to traditional voting systems. For traders, increased decentralization and transparency may positively impact ADA price action and ecosystem stability, attracting institutional interest and boosting long-term adoption.