[Joe Lubin Defends EF Reforms: Ethereum Is Not Declining, Poised for a New Growth Cycle] BlockBeats News, June 7 — Ethereum co-founder and ConsenSys CEO Joe Lubin stated that the recent controversies surrounding the Ethereum Foundation (EF), including budget cuts, staff departures, and leadership adjustments, do not signify a crisis within the organization but rather represent a necessary evolution in its development process. Lubin emphasized that the Ethereum Foundation should focus on maintaining the core technology and values of the network, preserving its position as a "trustworthy neutral" entity. Responsibilities such as ecosystem expansion, institutional partnerships, and commercial promotion should be undertaken by other organizations to avoid potential conflicts of interest between protocol development and commercial interests. Addressing external skepticism about the direction of the foundation's reforms, Lubin explained that much of the criticism stems from a misunderstanding of the foundation's role. He noted that the Ethereum Foundation is working to further separate protocol governance from commercial operations. In the future, the Ethereum ecosystem will not be dominated by a single entity but will instead see multiple organizations taking on responsibilities in different areas of ecosystem development, collectively driving the network's growth. This model differs from the approach of some blockchain projects that centralize protocol development and business strategies within a single entity, aligning more closely with Ethereum's decentralized development philosophy. Regarding market concerns about "Ethereum's decline," Lubin dismissed such claims. He pointed out that in recent years, artificial intelligence has replaced the crypto industry as the most prominent technological narrative in capital markets, leading to a shift in funding and investment focus. However, this does not mean Ethereum has lost its competitiveness. On the contrary, after years of scaling and infrastructure development, Ethereum is gradually gaining the capacity to support the next wave of large-scale adoption and is expected to enter a new growth cycle in the future. [Original Link]