TLDR
- Brian Quintenz has been appointed as an independent director to the board of SUI Group.
- He will also serve on the audit committee of the board following his appointment.
- The board now consists of five members with three classified as independent under Nasdaq rules.
- Joseph A. Geraci II stepped down from the board and moved into a board observer role.
- Quintenz previously served as a commissioner at the U.S. Commodity Futures Trading Commission.
Brian Quintenz has joined SUI Group’s board of directors as an independent member, as confirmed by the company on Tuesday, while Joseph A. Geraci II steps down from the board and transitions to a board observer role, and shares of SUIG fell 2.2% on the same day, even as the SUI token rose 14% within 24 hours.
Brian Quintenz Appointed to SUIG Board and Audit Committee
SUI Group appointed Brian Quintenz to its board of directors as an independent director, expanding the board to five members. Three members now qualify as independent under Nasdaq listing rules, according to the company’s announcement.
Quintenz also joins the board’s audit committee, further strengthening the company’s oversight of financial and operational reporting processes. The appointment became effective immediately, according to the press release.
SUI Group chairman Marius Barnett stated, “Brian is a widely respected leader in the digital asset industry, with a rare combination of capital markets expertise, regulatory credibility, and deep infrastructure knowledge.” He added, “His decision to join our board and support our SUI treasury strategy represents a meaningful validation of both SUIG and the long-term potential of the Sui ecosystem.”
Regulatory Experience Strengthens SUI Group’s Strategic Direction
Brian Quintenz previously served as a commissioner of the U.S. Commodity Futures Trading Commission (CFTC), where he oversaw the regulation of bitcoin futures. He was nominated by both former Presidents Barack Obama and Donald Trump, and the Senate confirmed him unanimously.
He focused on derivatives markets, financial technology, and early cryptocurrency regulation during his tenure. The experience provides valuable context as SUIG develops a digital asset treasury platform.
After leaving the CFTC, Quintenz became the global head of policy at a16z crypto, part of Andreessen Horowitz, where he handled regulatory and government affairs. His recent focus on digital assets and market infrastructure aligns with SUI Group’s strategic initiatives.
Quintenz currently sits on the board of Kalshi, a CFTC-regulated event-based derivatives exchange, and advises various digital and traditional financial companies. His involvement supports SUIG’s stated goal of becoming an institutional-grade digital asset treasury platform.
Market Response and Leadership Transition
SUIG shares declined 2.2% on Tuesday following the announcement, according to market data. The price reaction contrasts with the SUI token, which gained 14% during the same period.
The company said the board change reflects a shift in strategy, particularly around its treasury and digital asset operations. Joseph A. Geraci II, former CFO, moved from a board seat to a board observer position as part of the reshuffle.
With Geraci’s transition, SUIG now has five board members and continues to maintain a formal relationship with the Sui Foundation. The company also remains active in its specialty finance operations.
SUI Group stated it will focus on expanding its treasury platform using the SUI token as a core asset. The leadership updates come as SUIG pushes forward in the blockchain and financial technology sectors.
The White House withdrew Quintenz’s nomination to chair the CFTC in September, ending a prolonged confirmation process. Michael Selig was sworn in as the new chairman in December, following the withdrawal.
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