Texas Bank Under $6 Billion Ties Itself to Trump’s Pro-Bitcoin Power Bloc
Texas-based Monet Bank, owned by Trump ally Andy Beal, is rebranding to focus on crypto infrastructure, joining a growing pro-Bitcoin network around Trump.Summary
Monet Bank, a community bank in Texas with under $6 billion in assets, has rebranded twice this year to position itself as a crypto-focused "infrastructure bank." The bank is owned by billionaire Andy Beal, a major ally of Donald Trump, placing the institution within what analysts describe as an expanding pro-Bitcoin power network surrounding the former president.
Analysts suggest Monet Bank is now part of a network orbiting Trump that includes entities like Cantor Fitzgerald, Tether, and Metaplanet, which are forming an emerging Bitcoin-and-stablecoin monetary bloc aimed at building an alternative monetary order. This move coincides with expectations that federal regulators under a potential Trump administration might withdraw anti-crypto guidance and ease integration of digital-asset services.
Monet Bank joins other crypto-aligned banks like Erebor Bank and N3XT, signaling that the Trump-aligned Bitcoin ecosystem is actively building regulated financial rails, suggesting more firms may align with this bloc throughout 2025.
(Source：BeInCrypto)