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ArbitrumDAO elects six new Security Council members, boosting ARB price amid governance focus.

Protocol Fundamentals
05 May 2026
BeInCrypto
Bullish
pluang ai news

ArbitrumDAO elected six new members to its 12-person Security Council in a vote held from April 12 to May 3, 2026. Michael Lewellen led with 25.19 million weighted votes. These new members will take office after a grace period ending May 21, inheriting responsibilities including managing emergency protocols and ongoing treasury decisions. The election and council rotation have positively impacted ARB's price, which rose nearly 5% as traders reacted to the governance update. The new council will also handle the fallout from a recent KelpDAO exploit involving frozen ETH assets, marking their first major challenge.

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