PANews news on April 2nd, according to The Block, the Sei Foundation announced the establishment of a US non-profit organization "Sei Development Foundation", headquartered in Manhattan, New York, aimed at promoting the development of the Sei protocol in the United States and supporting crypto entrepreneurs. The organization will leverage the increasingly improved regulatory environment to promote technological innovation and talent gathering. Sei is a Layer1 chain that combines Ethereum standards with Solana performance, and has processed billions of transactions since its mainnet launch in 2023.