On May 22, PANews reported that Ryan Sean Adams, co-founder of Bankless, agreed with former Ethereum Foundation researcher Dankard Feist's proposal to form a new Ethereum advocacy group and find a "capable and willing leader" to fight for it, stating that Fundstrat and BitMine are currently the best candidates. In response, Tom Lee, co-founder of Fundstrat and chairman of BitMine, agreed with Ryan Adams's view, stating that a deep pool of leaders and developers is ready to ensure Ethereum remains the settlement layer of the future for finance and AI. He added that most of the current bearish sentiment reflects the despair at the lowest point of the crypto winter, and that blockchain is the only way for autonomous AI to interact in business, while also significantly improving the profit structure of the financial system.