[Ethereum Foundation Executive Discusses Privacy Technology Development Direction] Ethereum Foundation Co-Executive Director Tomasz K. Stańczak stated at the 2025 Shanghai Blockchain International Week that this year, enterprises have increased their demand for privacy in stablecoin usage and L2 development, while regulators are focusing on balancing blockchain transparency and user privacy protection. He believes that as user privacy technology rapidly develops, privacy technology should move from behind the scenes to the forefront within the Ethereum ecosystem.