Ethereum Foundation cuts and departures aren't a crisis, Joe Lubin says

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Ethereum Foundation cuts and departures aren t a crisis, Joe Lubin says The Consensys leader told CoinDesk the Ethereum Foundation s role should be narrower and more focused on stewarding the network s core technology and values. By Margaux Nijkerk | Edited by Sheldon Reback Jun 7, 2026, 1:00 p.m. 3 min read Make preferred on Joe Lubin (CoinDesk) What to know : Ethereum co-founder Joe Lubin rejected criticism of the blockchain foundation s recent budget cuts, staff departures and restructuring, arguing the changes are meant to keep the foundation focused on Ethereum s core technology and neutrality rather than commercialization. Lubin said Ethereum s future will be driven by a broader ecosystem of organizations handling adoption and institutional engagement, while emerging trends like AI-powered "agentic commerce" could drive the network s next wave of growth. Ethereum Foundation budget cuts, staff departures and leadership changes have fueled weeks of criticism from parts of the blockchain s community, but Joe Lubin, who was involved in its creation and is now CEO of software developer Consensys, said the moves are a necessary evolution, not a crisis.