Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Sei Foundation backs new U.S. nonprofit in bid to fuel protocol's adoption and growth

Sei Foundation backs new U.S. nonprofit in bid to fuel protocol's adoption and growth

The BlockThe Block2025/04/01 16:00
By:By Jason Shubnell

Quick Take The Sei Foundation has launched the Sei Development Foundation to support the growth of the Sei protocol and advance crypto innovation in the U.S. Beyond supporting developers and founders, the Sei Development Foundation seeks to leverage increasing regulatory optimism to boost U.S. crypto entrepreneurship.

Sei Foundation backs new U.S. nonprofit in bid to fuel protocol's adoption and growth image 0

Sei Foundation on Wednesday announced the funding of the Sei Development Foundation, a U.S.-based non-profit focused on growth and awareness of the Sei protocol. To "accelerate crypto innovation for builders in America," this new foundation will open its headquarters in Manhattan, New York.

"With many other international jurisdictions courting crypto builders and innovators, the US still has to catch up with other major hubs in encouraging innovation and attracting talent in the industry, after years of neglect and adversarial relationships in the past," the Sei Foundation said in a release shared with The Block.

Sei is a Layer 1 blockchain that claims to combine the development standard of Ethereum with the performance of Solana. Sei launched its mainnet in 2023 and has since processed billions of transactions across more than 18 million wallets, according to the release. The team is backed by Multicoin, Jump and Coinbase Ventures, among others.

In addition to working directly with builders and founders, the Sei Development Foundation will capitalize on growing optimism from regulators and policymakers to position the U.S. as an attractive hub for crypto entrepreneurship.

"We are excited to see Sei Development Foundation taking center stage amidst this new wave of adoption in the US," said Gerald Gallagher, General Counsel at Sei Labs, Board Director at the Sei Development Foundation. "This is a significant milestone for Sei to continue shaping the decentralized future and driving technological advancement, by making digital assets more accessible to everyone here in the US."

The Sei Foundation will be funding the Sei Development Foundation for at least three years, Gallagher told The Block. 

Sei also recently launched Crypto in America, a weekly podcast and newsletter of conversations with influential policymakers. Also, on March 23, the Sei Foundation said it would explore a takeover of the bankrupt 23andMe.

"At the Sei Development Foundation, we are deeply committed to harnessing transformative technologies and nurturing innovation for the next generation of visionary entrepreneurs," said Justin Barlow, Executive Director at the Sei Development Foundation. "By establishing a strong local presence, we can further this mission while reigniting hope and optimism for crypto founders across the nation."


1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

French AI start-up Mistral seeks funding at $10B valuation to compete with U.S., Chinese rivals

Share link:In this post: Mistral has announced its plan to raise $1B at a $10B valuation, up from €5.8B. The company’s revenue is on track to go beyond $100M annually. The raised funds may support its planned €8.5B data center project.

Cryptopolitan2025/08/03 00:45

Florida leads U.S. solar boom with 3GW surge, beating California

Share link:In this post: Florida added over 3GW of utility-scale solar in one year, surpassing California. Florida Power & Light built more than 70% of the state’s new solar capacity. Trump’s new law cuts solar tax credits, hurting homeowners and developers.

Cryptopolitan2025/08/03 00:45

Arthur Hayes calls BTC at $100K, ETH at $3K after dumping $10M+ crypto

Share link:In this post: Arthur Hayes sold over $13 million in crypto, including ETH, ENA, and PEPE, within hours. He predicts Bitcoin will “test” $100K and Ethereum will dip to $3K due to macroeconomic pressures. The BitMEX founder cites weak U.S. job data and the upcoming tariff bill as key bearish indicators.

Cryptopolitan2025/08/03 00:45
Arthur Hayes calls BTC at $100K, ETH at $3K after dumping $10M+ crypto

Anthropic restricts Claude API access for OpenAI

Share link:In this post: Anthropic cut OpenAI’s API access after discovering it was using Claude in violation of terms, allegedly to benchmark and fine-tune GPT-5 through unauthorized custom API integration. Anthropic will introduce weekly usage caps for Claude Code starting August 28, affecting all paid tiers, to reduce excessive background usage. High demand for Claude Code has strained Anthropic’s systems, causing multiple service outages in the past month.

Cryptopolitan2025/08/03 00:45
Anthropic restricts Claude API access for OpenAI