David is really tough this time—EF has proactively delegated power so that ETH Labs can take over, but he himself has already cleared his position. He says he supports it; his words are very honest with his actions.

CryptoWorld News reports that David Hoffman, co-founder of Bankless, stated that the Ethereum Foundation (EF) is intentionally aiming to leave a “power vacuum” so that a new organizational structure can step forward and influence Ethereum’s future development direction. He said that the direction represented by ETH Labs could be Ethereum’s most promising future path, and noted that he will continue to support its development. Previously, Hoffman had publicly said that he had sold all of his ETH, claiming that the “ETH is money” narrative has largely come to fruition and that the success of the Ethereum network may not be fully reflected in the price of ETH assets.