🤑 Ex-CFTC Bigwig Joins SUI Group: Crypto’s New Sheriff in Town? 🤠

by

Finance

What to know: 🧐

  • Former CFTC commissioner Brian Quintenz, a man who’s seen more boardrooms than a janitor, has saddled up with SUI Group as an independent director. 🪑✨
  • This fella’s résumé reads like a crypto who’s who: global head of policy at a16z crypto and a board member at Kalshi. Talk about keeping busy! 📜💼
  • The move comes as SUI Group, a Nasdaq-listed outfit tied to the Sui blockchain, cooks up a digital asset treasury strategy hotter than a California wildfire. 🔥

In the dusty plains of Wall Street, SUI Group (SUIG) has lassoed Brian Quintenz as an independent director, the company announced Tuesday. This ain’t just any cowboy-Quintenz will also wrangle the board’s audit committee. 🤠📊

SUIG shares took a tumble, down 2.2% on Tuesday, but the SUI token? It’s riding high, up 14% in the last 24 hours. Talk about a split personality! 📉📈

Quintenz steps in as Joseph A. Geraci II, the former CFO, trades his board seat for a board observer role. Now the board’s got five members, three of ’em independent by Nasdaq’s standards. It’s like a poker game, but with more suits. 🎩

This Quintenz fella’s got a past as colorful as a Steinbeck novel. He was a CFTC commissioner, nominated by both Obama and Trump-a rare bipartisan unicorn. 🦄 He oversaw derivatives markets, fintech, and even wrangled bitcoin futures back when crypto was still a wild colt. 🐎

Recently, he was the global head of policy at a16z crypto, Andreessen Horowitz’s digital asset arm, where he charmed regulators and governments alike. Now he’s on Kalshi’s board, advising everyone from crypto cowboys to traditional financiers. 🌍💬

But let’s not forget the drama: the White House yanked his nomination to run the CFTC in September after a month-long showdown. Michael Selig took the reins instead. Politics, eh? 🤡🎪

SUI Group says Quintenz brings regulatory chops and policy smarts as they build a treasury strategy around the SUI token. “Brian’s a big deal,” said Marius Barnett, chairman of the board. “He’s got capital markets know-how, regulatory clout, and infrastructure smarts. Him joining us? That’s a stamp of approval for SUI and the Sui ecosystem.” 🏆🤝

The company’s cozy with the Sui Foundation, aiming to build an “institutional-grade digital asset treasury platform” while keeping its specialty finance operations humming. Fancy words for big plans. 🚀💰

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2026-01-06 20:10