Ethereum (ETH) News: Foundation cuts and departures aren't a crisis, Joe Lubin says
Joe Lubin said recent Ethereum Foundation budget cuts, staff departures, and leadership changes are a necessary shift, not a crisis. He argued the foundation should focus narrowly on stewarding Ethereum’s core protocol and values, staying “credibly neutral,” while other groups handle adoption, institutional outreach, and ecosystem growth. He said criticism largely reflects confusion about the foundation’s role and that separating protocol stewardship from commercialization is healthy for a decentralized network. Lubin rejected claims that Ethereum is in decline, though he noted crypto now competes with AI for attention and capital. He said Ethereum’s long emphasis on scaling is setting up future growth, especially in areas like institutional use and autonomous AI agents making onchain transactions.
