ArbitrumDAO Sends ARB Price Soaring With New Security Council Election
BeInCrypto
ArbitrumDAO elected six new Security Council members, leading to a nearly 5% rise in the ARB token price.Summary
ArbitrumDAO has concluded its latest Security Council election, appointing six new members to the 12-person body responsible for managing emergency protocol actions. Michael Lewellen led the voting results, which followed a process involving compliance checks and weighted voting. Following the announcement, the ARB token price rose by nearly 5%. The incoming cohort will officially begin their duties on May 21, inheriting significant responsibilities, including managing treasury allocations and navigating the legal complexities surrounding frozen funds from the KelpDAO exploit.
(Source：BeInCrypto)