IT IS strange that the Obama administration has so avidly continued many of the national-security policies that the George W. Bush administration endorsed. The White House has sidelined the key recommendations of its own advisers about how to curtail the overreach of the National Security Agency (NSA). It has failed to prosecute those responsible for ...

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 ...