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.

As of March 6, the U.S. government treats Bitcoin as a sovereign reserve asset, akin to gold or foreign currencies. XRP, Solana, Cardano and Ethereum