According to @ItsDave_ADA, he cast a NO vote representing 37.71 million ADA on the Cardano Net Change Limit (Epoch 613 to Epoch 713) governance action, opposing a 350 million ADA annual treasury limit (source: https://twitter.com/ItsDave_ADA/status/2010745846460195238). He argues the 350 million ADA cap is excessive, lacks clear definition of spending, and is harmful to investor confidence and positive price action, while advocating a reduced 200–250 million ADA cap to enforce fiscal discipline (source: https://x.com/ItsDave_ADA/status/2010700249094877211). The referenced on-chain transaction shows the vote activity aligning with his stated position (source: https://adastat.net/transactions/79bab53fe9f84e61127371e7ba725958554ae45e6bc3cd399d24fd87afeca3da). For traders, @ItsDave_ADA frames the treasury cap decision as a near-term governance risk factor for ADA, linking spend limits to investor confidence and long-term trust in the system (source: https://twitter.com/ItsDave_ADA/status/2010745846460195238).