In 2020, the second-biggest donor to Joe Biden’s presidential campaign was Sam Bankman-Fried, the CEO of the cryptocurrency derivatives platform FTX. In the 2022 midterm elections, only George Soros gave more to Democratic candidates. On Nov. 11, FTX, which had been valued at $40 billion in March, declared bankruptcy. On Dec. 13, the U.S. attorney for the Southern District of New York indicted Bankman-Fried on charges including wire fraud, conspiracy to defraud investors, lenders, and the United States, conspiracy to violate campaign finance laws, and conspiracy to commit commodities and sec...