PANews reported on April 2 that according to The Block, the Sei Foundation announced the establishment of the US non-profit organization "Sei Development Foundation", headquartered in Manhattan, New York, to promote the development of the Sei protocol in the United States and help crypto entrepreneurs. The organization will use the increasingly improved regulatory environment to promote technological innovation and talent gathering. Sei is a Layer1 chain that combines Ethereum standards with Solana performance. It has processed billions of transactions since the mainnet was launched in 2023.