Trump and his inner circle have ownership interest in various crypto assets. Establishing a strategic crypto reserve suggests straightforward self-interest and self-dealing. The president and his Cabinet should strive to be above reproach. There is nothing transparent and honest about a strategic crypto reserve.

The first-of-its-kind reserve will be anchored by a stash of Bitcoin the government already owns, estimated to be worth billions of dollars.

Bitcoin and other cryptocurrencies have shot up in value after Donald Trump said he wanted to make them an official part of governent policy. It comes after a dismal slump for crypto following the US election,