Summary
- Brian Quintenz has joined the board of SUI Group Holdings.
- Quintenz will oversee institutional investment strategy, and his regulatory experience could be an important asset for business expansion.
- The move is interpreted as an effort to strengthen institutional investor strategy and regulatory response capabilities through the recruitment of regulatory experts.
Brian Quintenz, who had been a nominee for chairman of the U.S. Commodity Futures Trading Commission (CFTC), has joined the board of Nasdaq-listed SUI Group Holdings.
On the 6th (local time), crypto-focused media The Block reported that Quintenz will join the SUI Group Holdings board as a member and oversee institutional investment strategy. SUI Group Holdings is a publicly listed company engaged in digital asset and blockchain infrastructure-related businesses.
Quintenz previously served as a CFTC commissioner and was deeply involved in regulatory discussions on digital assets and derivatives. He has been regarded within the industry as a prominent pro-digital-asset regulatory expert. He was once nominated for CFTC chair, but the nomination was withdrawn amid a conflict-of-interest controversy involving prediction market platform Kalshi.
The Block said, "Quintenz's addition can be interpreted as SUI Group's move to strengthen its strategies targeting institutional investors and its regulatory response capabilities," adding, "Hiring someone with regulatory experience can become an important asset in future business expansion."
This appointment is seen as another example of the recent trend of officials from regulatory agencies moving to digital asset and blockchain companies.
