A small Texas lender, Monet Bank, with assets under $6 billion, rebrands as a crypto-focused “infrastructure bank” under owner Andy Beal, a major Trump ally. The bank aims to become a premier digital asset financial institution, offering solutions for Bitcoin and stablecoins, signaling a deliberate strategic shift. Monet Bank is part of a pro-Bitcoin power network surrounding Trump, accelerating in 2024 and 2025, including entities like Cantor Fitzgerald, Tether, and Strike. The bank’s crypto push aligns with federal regulators’ new frameworks under Trump, allowing banks to integrate digital-asset services more easily. With Monet Bank and other crypto-aligned banks emerging, the Trump-aligned Bitcoin ecosystem is actively building regulated financial rails, attracting more investors and firms into the space.
Read more at Yahoo Finance: Texas Bank Under $6 Billion Ties Itself to Trump’s Pro-Bitcoin Power Bloc
