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The Ethereum Foundation has repeatedly faced criticism, and researchers are backing its mission to build protocols rather than “pump” ETH.
However, blockchain researcher and investor William Mougayar defended them, stating that the outside world has long misunderstood the Foundation's positioning; ETH, the Ethereum network, and the Ethereum Foundation are three different aspects: ETH is an asset, Ethereum is a shared computing infrastructure, and the Foundation is a non-profit organization responsible for promoting protocol development, with one of its goals being "to gradually make founders less important."
The Ethereum Foundation is currently on a "subtraction path," strengthening the network by advancing protocol upgrades, funding foundational research, and reducing its own centralization influence.