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

Protocol Fundamentals
05 May 2026
BeInCrypto
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Bullish
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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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