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Vote to Remove Brantly Millegan From ENS Foundation Likely to Fail

Millegan was removed as a steward of the DAO behind the Ethereum Names Service and the True Names Foundation.

Updated May 11, 2023, 6:57 p.m. Published Mar 2, 2022, 7:06 a.m.
ENS Foundation's Brantly Millegan on the right (CoinDesk Archives)
ENS Foundation's Brantly Millegan on the right (CoinDesk Archives)

A vote to oust Brantly Millegan as a director of the Cayman Islands-registered ENS Foundation, the legal entity behind the eponymous distributed autonomous organization (DAO), is likely to fail with 45% against his removal and 15% abstaining.

  • In early February, Millegan, a core contributor to Ethereum Names Service, was relieved from his position as steward of the ENS DAO and True Names Ltd. for tweets that espoused traditional Catholic views.
  • The development of the ENS code is managed by True Names Ltd. ENS Foundation is the parent of True Names Ltd.
  • Voting is conducted on a one-token-one-vote basis, with Millegan allowed to cast his own vote. Millegan is the largest voter so far, given his holdings.
  • Nick Johnson, founder and lead developer of ENS, who fired Millegan from True Names Ltd. has decided to abstain from voting according to on-chain data.
  • Before Johnson fired Millegan, he was a vocal supporter, tweeting that he had “never seen Brantly treat anyone as different or lesser because of who they are.”
  • The initial decision to fire Millegan was met with some hostility from the ENS community, with members highlighting the irony of a decentralized service censuring someone for his religious beliefs.
  • ENS’ token is up 1% on-day, according to CoinGecko, trading at $15.20.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante

Backpack CEO Armani Ferrante (CoinDesk)

The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.

What to know:

  • Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
  • Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
  • fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.