[i2pi]

Money transmission laws are irrelevant in this case. Standard Treasury was never keeping customer cash on their balance sheet, they were enabling APIs for banks.

If you're a payments business and cash passes through your balance sheet, then transmission regs apply.

If you're moving bits, but not money, they don't.

And if you have a bank charter, or bank sponsorship, you're mostly exempt from them.

[thinkcomp]

"Standard Treasury was never keeping customer cash on their balance sheet"

It's worth asking why not. I think we know...

It's also worth pointing out that they were quite relevant for Simple (your company), which ended up in a similar position.