New Crypto Bank to be Unveiled by Billionaire Trump Backer Andy Beal

Texas billionaire banker Andy Beal, a big donor to President Donald Trump, is shifting the focus of one of two banks he owns to crypto. The move would ease a bottleneck that has made it difficult for the crypto industry to access the financial system.

Beal is renaming Beal Bank, one of the two federally chartered banks he owns, Monet Bank, according to a regulatory approval issued by the Texas Department of Banking in May. The approval has not been previously reported. Monet had more than $4 billion in assets as of late 2025.