Texas Bank Under $6 Billion Ties Itself to Trump’s Pro-Bitcoin Power Bloc

12 hours ago 3

Trump Bitcoin network. Photo by BeInCrypto

A tiny Texas lender is drafting outsized attraction crossed crypto and governmental circles. Monet Bank, a assemblage slope with assets nether $6 billion, has rebranded doubly this twelvemonth and repositioned itself arsenic a crypto-focused “infrastructure bank.”

The determination matters due to the fact that its owner, billionaire Andy Beal, a large Trump ally, is present placing the instauration wrong what analysts picture arsenic a fast-expanding pro-Bitcoin powerfulness web surrounding Donald Trump.

Monet Bank openly states that it aims to go the premier integer plus fiscal institution, offering forward-facing solutions for Bitcoin, stablecoins, and broader integer plus finance.

The bank, regulated by the FDIC, has six offices successful Texas and was known for decades arsenic Beal Savings Bank.

Earlier this year, it concisely became XD Bank earlier adopting the Monet brand, a series of rebrands that signals a deliberate strategical shift.

Beal, who founded Beal Financial Corp., is known some for high-stakes poker and for heavy backing Trump’s 2016 statesmanlike run done idiosyncratic governmental committees.

His renewed introduction into the digital-asset assemblage positions Monet arsenic 1 of the fewer federally regulated banks openly prioritizing crypto infrastructure.

According to expert Jack Sage, Monet Bank is present portion of a pro-Bitcoin powerfulness web orbiting Trump that has accelerated passim 2024 and 2025.

The web includes firms with personal, political, oregon fiscal ties to Trump and his advisers, forming what Sage calls an emerging Bitcoin-and-stablecoin monetary bloc.

“…signals that Trump’s campy keeps actively gathering an alternate monetary bid centered connected Bitcoin and stablecoins. And they haven’t fixed up. The banking strategy sees what’s happening. We spot it too,” Sage remarked.

Notable entities successful the bloc include: