In masquerade (grand rag) it's more about who you are not (ie: yourself) than the character you become. Nobody should have a clue until the big reveal at the very end of the act/ball/whatevs. It can get a little tricky when the masque crosses more than one line, or the same line more than once.

Was the white man in black face, dress and wig doing a black woman Lucy Long or a black drag queen Lucy Long?

Me dear ol' mum could fool a room with her Marlene Deitrich in realistic five o'clock shadow make-up and horrid plastic wig. A woman playing a man; playing a woman; playing a man.

PS/RE Politics and that man behind the curtains: Bud-Light & Nike are ex-Trumpster Larry Fink and Blackwater and the old school ties at Creative Artists Agency (Harvey Weinstein et al.) In with the UFC and WWE and InBev SA/NV alphabet mob. You chant "Hang the Rich!" today... they'll be back tomorrow with TikTok rope influencers and a sale on cordage. Just another Tuesday afternoon in Hollywood.