Vitalik Buterin · Ethereum · Decrypt
Since the Ethereum Foundation released a new mandate in March, several members of the organization’s leadership have resigned
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Under Bastian Aue, the Ethereum Foundation’s interim co-executive director, Buterin indicated that the organization is refocusing itself around CROPS, a framework rooted in censorship resistance, openness, privacy, and security.
Key facts
- Buterin noted that the Ethereum Foundation currently controls around 0.16% of Ethereum’s total supply, a sum valued at $408 million
- Ethereum recently changed hands around $2,100, a 1.6% decrease over the past week, according to CoinGecko
- Under Bastian Aue, the Ethereum Foundation’s interim co-executive director, Buterin indicated that the organization is refocusing itself around CROPS, a framework rooted in censorship resistance
- As the organization's focus narrows, the Ethereum Foundation will sell less ETH, Buterin said
Summary
Vitalik Buterin announced the Ethereum Foundation will shrink into a "smaller ship," leaning into its works under a framework known as CROPS. Facing an exodus of top researchers, the foundation will reduce its Ethereum sales, while continuing to manage holdings worth $408 million. Buterin disclosed that 90% of his personal net worth remains tied up in Ethereum, while welcoming reduced influence at the Ethereum Foundation. Ethereum co-founder Vitalik Buterin signaled on Sunday that the Ethereum Foundation is transitioning into a leaner, hyper-focused entity—dramatically narrowing its operational scope amid a period of internal turbulence. Addressing a wave of high-profile departures and industry anxieties over the nonprofit’s direction, Buterin said in a sprawling X post that the Ethereum Foundation will become “a smaller ship” while doubling down on the protocol’s cypherpunk values.