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Republicans also benefited from the political use of cryptocurrency.

Fried deserves all the grief he’s getting. It is good to see lawmakers symbolically returning donations from FTX executives by donating equivalent amounts to charity. FTX CEO Ryan Salame gave roughly $24 million to Republicans this past cycle. In March, eight members of Congress complained about SEC requests for info from cryptocurrency firms. John J. Ray III is playing a similar cleanup role at FTX. Bankruptcy filing indicates some senior execs were kept in the dark about FTX’s financial mismanagement.