
Vitalik Buterin outlines a new Ethereum Foundation strategy focused on CROPS, reduced ETH selling, and a narrower long-term role.
Author: Akshat Thakur
Steady attention without excessive speculation.
May 24, 2026 – Vitalik Buterin laid out his personal vision for the Ethereum Foundation’s future on Saturday, describing a deliberate shift toward a narrower role.
High Signal Summary For A Quick Glance
The post, published on X, is not an official board position. Buterin stressed that the board is expanding. He also said his own influence within the organization will continue to decrease, calling that outcome “honestly what I want.”
The Ethereum Foundation transition centers on a single idea. Specifically, EF should stop being perceived as Ethereum’s center. Instead, according to Buterin, it should function as “one node, with a defined purpose, alongside other nodes.”
The post builds on the EF Mandate published on March 13, 2026. That document formalized the foundation’s new direction after more than a year of restructuring.
Under the Mandate, EF will focus on one category of work. That category covers activities “critical to the success of Ethereum as a censorship-resistant, capture-resistant, open, private, and secure system.” The framework carries the acronym CROPS.
Buterin described CROPS as the dimension where Ethereum should aim to stand out. As a result, work that falls outside CROPS will move to other organizations.
One of the most market-relevant points is the commitment to sell less ETH. Currently, the EF holds roughly 0.16% of total ETH supply.
“The EF is choosing to use its remaining resources to pursue longevity over breadth,” Buterin wrote. In practice, this means the foundation will sell less ETH going forward.
Around May 11, 2026, the foundation unstaked about 21,271 ETH, worth roughly $49.6 million. Those funds went toward treasury rebalancing and grants. On-chain watchers confirmed no exchange deposits followed that move.
The shift addresses years of community criticism over EF treasury management. In turn, reduced selling pressure removes a recurring source of bearish sentiment among ETH holders.
Timeline of Ethereum Foundation governance changes, leadership restructuring, and the transition toward a leaner EF model
:contentReference[oaicite:0]{index=0} serves as Executive Director of the Ethereum Foundation, overseeing operations under a relatively centralized leadership structure while the board provides broader guidance.
The Ethereum Foundation faces increasing scrutiny over transparency, execution speed, perceived bureaucracy, and competitiveness versus chains like :contentReference[oaicite:1]{index=1}.
The Foundation announces a major leadership shift: Miyaguchi moves toward a president role while a new co-Executive Director structure is introduced.
:contentReference[oaicite:2]{index=2} and :contentReference[oaicite:3]{index=3} take operational roles, marking the first time leadership responsibilities are formally split.
The Foundation clarifies distinctions between execution teams and board oversight, reducing concentration of authority and responding to decentralization concerns.
Stańczak steps down after roughly 11 months. :contentReference[oaicite:4]{index=4} becomes interim co-Executive Director alongside Wang, beginning a deeper restructuring phase.
Multiple senior departures occur as the Foundation narrows focus, emphasizing efficiency, longevity, and reducing organizational breadth.
The EF introduces its formal Mandate, redefining itself as “one node” within Ethereum rather than the ecosystem center. New guiding principles emphasize censorship resistance, privacy, open source development, and security.
Long-term stewardship, reduced ETH selling, and tighter operational focus become explicit priorities under the evolving governance structure.
Vitalik states that Bastian Aue is executing much of the current transformation, notes his own relative influence is decreasing as the board expands, and says the Foundation remains in transition for several more months.
The EF is evolving from a centralized executive structure toward a leaner, distributed model focused on longevity, specialization, and narrower institutional responsibilities.
Buterin identified @aerugoettinea (Aerugo) as “the one executing much of this transition.” Aerugo is a CSA operator at the EF with a PhD from ETH Zurich.
Meanwhile, Buterin said his own input has focused mainly on technical questions. The board currently includes Aya Miyaguchi as President, Patrick Storchenegger, and Hsiao-Wei Wang as co-Executive Director.
The board is also expanding. Buterin’s framing suggests the new structure will distribute decision-making more broadly.
Eight senior EF researchers and leaders departed in 2026. Five of them left in May alone, including Carl Beek and Julian Ma.
Earlier exits included Tomasz Stanczak, Barnabe Monnot, and Tim Beiko. Stanczak had stepped down as co-Executive Director in February 2026. CoinDesk reported the departures as sparking “fresh debate” about the EF’s direction.
Buterin’s post, however, reframes them as intentional. He wrote that some “respected talent and aligned projects” will move outside EF so they can attract external capital. Consequently, the narrower CROPS focus means EF will no longer fund work that others could support.
Buterin outlined specific technical goals for the new EF. First, he highlighted provably bug-free code through AI-assisted formal verification. Second, he pointed to stronger consensus under both asynchrony and synchrony.
On the protocol side, he named EIPs like FOCIL, EIP-8141, and EIP-7701. He also mentioned a project called Kohaku. Together, these proposals aim to reduce the role of intermediaries in Ethereum transactions.
The emphasis on formal verification stands out in particular. Buterin described it as a path toward making Ethereum’s codebase “provably bug-free.” That goal would distinguish the network from competitors on security grounds.
Early reactions on X were largely supportive. Many praised the CROPS framework, the sell-less-ETH commitment, and Buterin’s willingness to reduce his own power.
Still, some critics pushed back. Bitcoin maximalists dismissed the post as “philosophical cope.” Others questioned whether EF still wields outsized influence through its funding.
On Reddit, threads in r/ethereum and r/CryptoCurrency reflected a mix of frustration and relief. Insiders and developers appeared more understanding of the intentional talent outflow.
The EF has not published the new organizational chart. Names of incoming board members remain undisclosed. Specific grant programs being cut or continued have not been detailed either.
Buterin said the Ethereum Foundation transition should stabilize over “the next few months.” So far, no other board members have responded publicly to today’s post.
The EF’s new form will test whether a narrower, values-first approach can sustain Ethereum’s development. For now, the community appears willing to give the experiment time.
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Suhail Kakar
@SuhailKakar
@VitalikButerin @ethereumfndn @aerugoettinea a foundation voluntarily shrinking its own power is the rarest thing in crypto genuinely the most cypherpunk thing i’ve read in a long time. bullish
Some of my perspective on where the @ethereumfndn is going. First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My
05:04 PM·May 24, 2026
0xMo.eth
@MoEthWhale
@VitalikButerin @ethereumfndn @aerugoettinea As a day 1 ETH OG, my response is LOL 😂. Keep selling more $ETH, especially on the biggest red market days, and let's not be bullish on Ethereum. Also let's keep supporting the biggest scam milady memecoin, vs the many cult memecoin communities on Ethereum, that could receive
Some of my perspective on where the @ethereumfndn is going. First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My
04:51 PM·May 24, 2026
hantengri
@hantengri
@VitalikButerin @ethereumfndn @aerugoettinea “The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing” so true king. Kohaku is coming though. Privacy will be much cooler. What do you think about this?
Some of my perspective on where the @ethereumfndn is going. First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My
04:25 PM·May 24, 2026
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