Sei Foundation Funds Non-profit To Boost U.S. Crypto Innovation

The Sei Foundation is taking a big step in pushing crypto innovation in the U.S. On Wednesday, it announced the launch of the Sei Development Foundation, a non-profit focused on growing awareness and adoption of the Sei protocol. The newly formed foundation will be based in Manhattan, New York. This initiative aims to make America a more attractive region for crypto builders, developers, and entrepreneurs. Sei Development Foundation To Bridge Innovation Gap In The US According to the Sei Foundation, the U.S. is behind other countries in supporting crypto and blockchain innovations. Many nations have embraced these technologies, but the U.S. has faced delays due to unclear regulatory and slow adoption. The Sei Development Foundation hopes to change this by working directly with blockchain developers and founders. It aims to build a strong environment where digital assets and decentralized technology can grow. As announced, the Sei Foundation will fund this effort for at least three years. This financial support will help build new blockchain projects, create job opportunities for developers, and contribute to the broader adoption of digital assets . Sei Foundation To Collaborate With Lawmakers The Foundation will not just support crypto builders; it also wants to work with policymakers and regulators to create a more crypto-friendly environment in the U.S. The new foundation also plans to build on positive shifts in regulatory policies to establish the U.S. as a hub for crypto entrepreneurship. In a statement, Gerald Gallagher, General Counsel at Sei Labs and Board Director at the Sei Development Foundation, sees this as a major step forward. He believes the foundation will help build a decentralized future, support new technology, and make digital assets more accessible to people nationwide. Sei is not stopping at blockchain development. It has also launched Crypto in America, a weekly podcast and newsletter where key conversations are discussed with policymakers. Sei has hinted at possibly taking over the bankrupt genetic testing company 23andMe in a surprising move. This shows that Sei is looking to expand into other areas of technology and innovation. What is Sei Network? Sei is a Layer-1 blockchain designed for speed and efficiency. It offers the high-performance infrastructure that decentralized finance (DeFi) platforms and dApps demand. The blockchain network launched its mainnet in 2023 and has already processed billions of transactions across 18 million wallets. Sei blockchain native token (SEI) was recently listed on the Binance Japan platform, adding to its momentum. Major players like Multicoin, Jump, and Coinbase Ventures support the network. With the launch of the Manhattan-based development foundation, Sei is positioning itself as a big name in the blockchain world. The post Sei Foundation Funds Non-profit To Boost U.S. Crypto Innovation appeared first on TheCoinrise.com .