A Texas small lender is attracting a lot of attention across the crypto industry and political circles. Mone Bank, a community bank with less than $6 billion in assets, has rebranded twice this year and repositioned itself as an “infrastructure bank” focused on cryptocurrencies.
This move is important. That’s because its owner, billionaire Andy Beal, a key Trump ally, is trying to place the agency within what analysts say is a rapidly expanding network of pro-Bitcoin forces surrounding Donald Trump.
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Small banks become major pillars of virtual currency
Monet Bank has openly stated that it aims to be the premier digital asset financial institution, offering advanced solutions for Bitcoin, stablecoins, and broader digital asset finance.
The bank is FDIC-regulated, has six offices in Texas, and was known as Beer Savings Bank for decades.
It briefly became XD Bank earlier this year before adopting the Monet brand, a series of rebranding that marks a deliberate strategic shift.
Mr. Beal, who founded Beal Financial Corporation, is known for his high-stakes poker and for heavily supporting Mr. Trump’s 2016 presidential campaign through his personal political committee.
His new entry into the digital assets sector positions Monet as one of the few federally regulated banks that openly prioritizes crypto infrastructure.
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Analysts expect Mone to join pro-Bitcoin political network
According to analyst Jack Sage, Mone Bank is now part of a pro-Bitcoin power network surrounding President Trump that will accelerate from 2024 to 2025.
The network includes companies with personal, political and financial ties to Trump and his advisers, forming what Sage calls the emerging Bitcoin and stablecoin currency sphere.
“…This shows that the Trump campaign continues to aggressively build an alternative monetary order around Bitcoin and stablecoins, and they’re not giving up yet. The banking system is seeing what’s going on, and we’re seeing it, too,” Sage said.
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Notable entities within this block include:
Cantor Fitzgerald, connected through the sons of Commerce Secretary Howard Lutnick Tether and former White House official Beau Hines Twenty One Capital, backed by Cantor, SoftBank and Tether Metaplanet, and advised by Eric Trump; Strive, co-owned by Trump supporter Vivek Ramaswamy Strike; managed by Jack Mullers; backed by Cantor Fitzgerald
World Liberty Financial, American Bitcoin Corporation, and Trump Media & Technology Group are located in close proximity to President Trump, and analysts see these companies as forming the core of a political financial architecture built on Bitcoin and stablecoins.
Is a parallel financial system under construction?
Mone Bank’s crypto push comes as federal regulators under the Trump administration rescinded previous anti-crypto guidance and issued a new framework that allows banks to more easily integrate digital asset services.
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FDIC Acting Chairman Travis Hill recently told lawmakers that the FDIC plans to propose crypto-related rules related to the GENIUS Act, a bill focused on oversight of stablecoins.
Monet joins other newly established crypto-related banks including:
Erebor Bank received conditional OCC approval and is backed by Peter Thiel N3XT, a Wyoming SPDI founded by former Signature Bank executives.
For investors, the rise of Mone Bank shows that the Bitcoin ecosystem aligned with President Trump is no longer a theoretical concept. Rather, it is actively building regulated financial rails.
With more political capital, regulatory flexibility, and the entry of institutional partners into the space, more banks and corporates are likely to work with this emerging currency area throughout 2025.
