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 ...

How Silicon Valley Got Entangled in Geopolitics—and Lost Technology companies such as Alphabet, Meta, and OpenAI need to wake up to an unpleasant reality. By getting close to U.S. President Donald Trump, they risk losing access to one of their biggest markets: Europe. More at Foreign Affairs