When President Donald Trump took office, it seemed as if cryptocurrency — specifically bitcoin — could gain increased legitimacy and market stability. The GENIUS Act was introduced with the goal of making the United States the “crypto capital of the world,” according to a White House fact sheet.

But one year into the president’s second term, many experts advise against investing in bitcoin. The Trump family’s involvement in cryptocurrency with an eye on personal gains, including the World Liberty Financial venture, may muddy the waters.

“[D]igital assets are perhaps the most obvious place to look for conflicts of interest that could infect the larger economy,” according to an opinion piece by Rana Foroohar on…