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 (as 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 is 'not constructive' to discredit EF for spending $100 million a year (which is absolutely insignificant relative to the market value of Ethereum)." Earlier, in response to the statement by Aya Miyaguchi, executive director of the Ethereum Foundation, that the Foundation's annual budget is $100 million, Hudson Jameson, a former employee of the Ethereum Foundation, posted on the X platform that the Foundation's annual budget of about $100 million is not crazy, and the reason why people find it difficult to understand this number is that the structure and philosophy of the Foundation are not suitable for putting every program they participate in and carry out in one place.