When Russia invaded Ukraine in February, many observers expected that Russia’s military would make quick work of President Vladimir Putin’s mission: ​​to capture the country’s capital, Kyiv, depose its democratically elected government and restore Ukraine to Moscow’s control.

A central dilemma of US foreign policy today is this: The country that most threatens the American-led global order is also the country whose cooperation is essential to preserving a livable world.

If success has many fathers, then a crypto exchange in the eye of a money-laundering storm has become an orphan. After Indian law enforcement froze $8 million in WazirX assets, Binance Chief Executive Officer Changpeng Zhao denied owning the country’s largest crypto exchange.