Last week, the Justice Department announced criminal charges against Anatoly Legkodymov for violating anti‐​money laundering laws while operating Bitzlato, an off‐​shore crypto exchange alleged to have processed over $700 million in illicit funds over several years. Concurrently, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) ordered covered financial institutions to cease transacting with Bitzlato. Like all financial instruments, crypto is used for crime, and this fact ought to be taken seriously. But blunt claims like Senator Elizabeth Warren’s...