SUI Group (SUIG), a Nasdaq-listed company tied to the Sui blockchain ecosystem, has appointed Brian Quintenz as an honest director to its board, the agency said in a statement on Tuesday.
Quintenz will additionally serve on the board’s audit committee, the corporate said.
SUIG shares are decrease by 2.2% on Tuesday. The SUI token continued its 2026 rally, increased by 14% all the blueprint in which by the last 24 hours.
His appointment follows the transition of SUI Group chief financial officer Joseph A. Geraci II from a board seat to a board observer goal. With the swap, the board now has 5 individuals, three of whom are regarded as honest below Nasdaq list requirements.
Quintenz is a faded commissioner of the U.S. Commodity Futures Procuring and selling Price (CFTC), where he served after being nominated by Presidents Barack Obama and Donald Trump and confirmed unanimously by the Senate.
At some level of his tenure at the agency, he used to be taking into account oversight of derivatives markets, financial technology and early legislation of bitcoin BTC$92,898.43 futures.
Extra not too lengthy ago, Quintenz used to be world head of protection at a16z crypto, the digital asset arm of endeavor capital agency Andreessen Horowitz, where he led regulatory and authorities engagement efforts.
He currently serves on the board of Kalshi, a CFTC-regulated tournament-based mostly entirely mostly derivatives exchange, and has urged corporations for the duration of digital assets and passe financial markets.
The White House withdrew Quintenz’s nomination to flee the CFTC in September, capping off a month-lengthy fight over U.S. President Donald Trump’s pick for the agency chair. Michael Selig used to be sworn in as the sixteenth Chairman in December.
SUI Group said the appointment adds regulatory and protection ride as it develops a treasury contrivance centered on the SUI token.
“Brian is a widely respected chief within the digital asset industry, with a uncommon mixture of capital markets expertise, regulatory credibility, and deep infrastructure data,” said Marius Barnett, chairman of the board, within the commence.
“His resolution to be half of our board and strengthen our SUI treasury contrivance represents a vital validation of every SUIG and the lengthy-term in all probability of the Sui ecosystem,” he added.
The corporate maintains a proper relationship with the Sui Foundation and is taking into account building what it describes as an institutional-grade digital asset treasury platform, whereas persevering with its strong level finance operations.
Learn extra: Sui Blockchain to Host Native Stablecoins Backed by Ethena and BlackRock’s Tokenized Fund
