How cryptocurrency’s second largest coin missed out on the industry’s boom

February 5, 2026

TL;DR

Danny Ryan proposed a strategic shift for the Ethereum Foundation (EF) to take a stronger leadership role.
Ryan's proposal was influenced by potential US political changes and the "crypto president" persona of Donald Trump.
Ether's price has remained stagnant, leading to community pressure for leadership changes within the EF.
Internal discussions and a public leak of Ryan's proposal sparked significant debate and social media reactions.
Vitalik Buterin, Ethereum's founder, stated he is the ultimate decision-maker for EF leadership, condemning threats made against Aya Miyaguchi.
The EF announced two new co-executive directors, Tomasz Stańczak and Hsiao-Wei Wang, signaling a move towards greater openness and engagement with the business world.
The new EF leadership aims to be more responsive to institutions and foster real-world use cases for Ethereum.
Danny Ryan co-founded Etherealize, an organization focused on building and marketing Ethereum-based products for traditional financial institutions.

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