Sui
SUILayer 1 · Built in Palo Alto, CA · Mysten Labs, Inc.
$0.7102
3.11% up24h
Under editorial review since 2026-09-14
Test 3 rests solely on Mysten Labs' SEC Crypto Task Force engagement (2025 written input and meeting); Test 2 is not established (no founder's US status at founding is documented and CTO Sam Blackshear left in August 2026), and the Sui Foundation's Cayman Islands jurisdiction is recorded without evidence.
Price
Why it’s on the board
Pathway: Foundation with a US principal contributor. Needs Tests 1 and 4, plus 2 or 3.
Test 1 · passes on primary documents
Headquartered in the United States
Mysten Labs, Inc. is headquartered in Palo Alto, CA.
2 sources· 2 primary
- Registrydata.colorado.gov/resource/4ykn-tg5h.json2026-09-14
- Legal termsmystenlabs.com/legal2026-09-14
Test 4 · passes on primary documents
Registered in a US state
Mysten Labs, Inc. is registered in DE.
2 sources· 2 primary
- Registrydata.ny.gov/resource/n9v6-gdp6.json2026-09-14
- Registrydata.colorado.gov/resource/4ykn-tg5h.json2026-09-14
Test 2 · not met
American founding team
0 of 5 named founders are established US persons holding operational roles today; a majority is required.
Test 3 · passes on primary documents
Primary operations in the United States
Mysten Labs, Inc. submitted written input to the SEC Crypto Task Force on May 9, 2025 and met Task Force staff on September 9, 2025 to discuss approaches to the regulation of crypto assets.
2 sources· 2 primary
- Regulatorsec.gov/files/ctf-memo-mysten-labs-090925.pdf2026-09-14
- Regulatorsec.gov/files/ctf-written-input-mysten-labs-050925.pdf2026-09-14
Legal entities
Mysten Labs, Inc.
Delaware · principal contributor · Palo Alto, CA
5 sources· 4 primary
- Registrydata.ny.gov/resource/n9v6-gdp6.json2026-09-14
- Registrydata.colorado.gov/resource/4ykn-tg5h.json2026-09-14
- Legal termsmystenlabs.com/legal2026-09-14
- Projectmystenlabs.com2026-09-14
- Regulatorsec.gov/files/ctf-written-input-mysten-labs-050925.pdf2026-09-14
Sui Foundation
Cayman Islands · foundation
Founders
Evan Cheng
Co-Founder, CEO; assumed technical leadership after the CTO's August 2026 departure · US status not established · operating role today
2 sources
- Projectmystenlabs.com/about2026-09-14
- Presscrowdfundinsider.com/2026/08/295272-mysten-labs-co-founder-sa…2026-09-14
Sam Blackshear
Co-Founder; former CTO (left for Anthropic August 2026, remains an advisor) · US status not established · no operating role today
1 source
Adeniyi Abiodun
Co-Founder, CPO · US status not established · operating role today
1 source
- Projectmystenlabs.com/about2026-09-14
Kostas Chalkias
Co-Founder, Chief Cryptographer · US status not established · operating role today
1 source
- Projectmystenlabs.com/about2026-09-14
George Danezis
Co-Founder, Chief Scientist · US status not established · operating role today
1 source
- Projectmystenlabs.com/about2026-09-14
Regulatory posture
SEC
Submitted written input to the SEC Crypto Task Force (May 9, 2025) arguing that utility should be a primary factor in the security status of digital assets, and met Task Force staff on September 9, 2025; no enforcement action was found.
2 sources· 2 primary
- Regulatorsec.gov/files/ctf-memo-mysten-labs-090925.pdf2026-09-14
- Regulatorsec.gov/files/ctf-written-input-mysten-labs-050925.pdf2026-09-14
Record history
2026-09-14 · review opened
Review opened: Test 3 rests solely on SEC Crypto Task Force engagement, Test 2 is unestablished, and the Sui Foundation's jurisdiction lacks evidence.
2026-09-14 · correction
Founders corrected from four to five (George Danezis, Chief Scientist, added); Sam Blackshear's August 2026 departure recorded; the claim that a16z led the Series B removed as misattributed; unsourced audit, investor, and geo-blocking claims removed. Colorado registry record (Delaware, Palo Alto principal office) and Mysten Labs' 2025 SEC Crypto Task Force written input and meeting added as evidence.
2026-04-29 · listed
Listed in the v0.1 allowlist.
About Sui
Sui is a Layer 1 blockchain whose native programming language is Move. Mysten Labs, Inc., a Delaware corporation based in Palo Alto, is its creator and principal contributor and has engaged directly with the SEC Crypto Task Force; the Sui Foundation is a Cayman Islands entity.