Tags: Custody Services

Gary Gensler, chair of the U.S. Securities and Exchange Commission (Evelyn Hockstein-Pool/Getty Images)

(MoMo Productions/GettyImages)

Onramp. (JaCZhou/Getty Images)

(Danny Nelson/CoinDesk)

The firm withdrew its Texas Money Transmitter License application but says it intends to reapply "swiftly."

The crypto custody revenue opportunity could grow to $8 billion by 2033, the report said.

Sawyer was Bitstamp‘s CEO and a co-founder of U.K. lender Starling Bank.