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Several virtual asset service providers, or VASPs, have publicly withdrawn from the U.S. since 2017 to avoid potentially burdensome anti-money laundering requirements and regulatory supervision. Offshoring has yielded them some benefits. The Bahamas, Bermuda and the Cayman Islands, for example, don't collect corporate income tax and tout their "progressive regulation" of virtual assets, and appear to have adopted regulatory frameworks influenced by VASPs and their representatives. But a recent string of indictments and administrative actions suggests that VASPs do not wean themselves from their reliance on U.S. clientele by relocating overseas, and consequently do not free themselves from U.S. anti-money...