Hypocrisy has a bad connotation, but it offers a useful middle course in the world of geopolitics; it once lubricated the engine of U.S. power. A world where the United States abandoned all ideals and values would be cowardly and vicious. On the other hand, a world where words and deeds always and transparently matched ...

In August, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the cryptocurrency platform Tornado Cash, a virtual currency “mixer” designed to make it harder to trace cryptocurrency transactions—and a worldwide favorite money-laundering platform. Americans are now forbidden from using it. According to the U.S. government, Tornado Cash was sanctioned because it allegedly laundered ...