How SBF’s fall keeps rattling Capitol Hill

Cryptocurrency firms are at the cusp of a breakthrough vote for their regulatory agenda in Congress. They are wooing members of both parties, preparing an ad blitz to push their proposals and targeting swing state lawmakers for support.

But they have one inescapable problem: Sam Bankman-Fried.

Jury selection for the failed mogul’s fraud trial is set to begin Tuesday at a federal court in Manhattan, and the daily headlines about his misdeeds are landing at the worst possible time for the industry’s lobbying contingent — at least what’s left of...