The sheer amount and type of names on the list leaves it with two possibilities.

They are afraid they will never get power again and are trying to rush out all the final awards to their "loyalists" as payment.

Or Biden is still fucking with everybody and is now devaluing the entire thing by just giving it to everyone in a move that everyone can see is complete horseshit, much like when Obama unintentionally destroyed the Nobel Prize from every being praised again. Part of me leans into this one because its literally a giant slap in the face to Hillary as a participation award after Trump destroyed her entire life's work.

Even if its meant to be some "humiliation ritual" its still completely failing as nobody who'd be humiliated by it takes Biden or the federal government seriously as an authority.