Opinion: Ethereum Foundation’s annual budget of $100 million is “insignificant” compared to the market value of ETFs

Odaily Odaily News: Anthony Sassano (@sassal0x), founder of The Daily Gwei, posted on X: "As other industry insiders have pointed out, the Ethereum Foundation (EF) is one of the best managed entities in the crypto ecosystem and one of the most legitimate institutions. I understand that people want more transparency in where the funds go (so do I), but the money is not spent on useless things - it is used to further manage the development of the Ethereum ecosystem and to fund many key projects that would otherwise not receive any funds (due to inconsistent incentives). Let us continue to push EF to increase transparency, but let us also achieve this goal in a constructive way that is beneficial to the ecosystem - because it costs $100 million a year (which is absolutely insignificant relative to the market value of Ethereum) to discredit EF is 'not constructive'." Earlier, in response to the news that Aya Miyaguchi, executive director of the Ethereum Foundation, said that the foundation has an annual budget of $100 million, Hudson Jameson, a former employee of the Ethereum Foundation, posted on the X platform that the foundation spends about $100 million a year. A $100 million budget isn't crazy, but the reason it's hard for people to comprehend is because the foundation's structure and philosophy aren't suited to housing every program they're involved in and run in one place.