A Cynical Election Ploy Like Hawley and Cruz’s Looks Harmless. Until It Isn’t with Elizabeth Saunders

Washington generally shrugs at cynical theatrical gestures like the GOP Senate effort, led by Josh Hawley (Mo.) and Ted Cruz (Tex.), to object to the election results. Politicians see them as useful and harmless. Consider the regular news releases from Sen. Rand Paul (R-Ky.) making National Science Foundation projects sound ridiculous, or the House of Representatives’ decision in 2003 to have its cafeteria call french fries “freedom fries.” Wednesday’s episode in the Senate at first had the appearance of a dinner theater murder mystery in which the key suspects (Democratic operatives; sinister manufacturers of voting machines; the late Hugo Chávez) had been fingered by pro-Trump lawyers.

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On Nov. 21, Binance, the world’s largest cryptocurrency exchange, pleaded guilty to breaking U.S. anti-money-laundering laws. Its CEO has stepped down, and the company will pay $4.3 billion in penalties. While the eye-watering fine is getting the headlines, it’s the details of the agreement that really redefine the relationship between government and crypto. U.S. authorities ...
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