A crypto mogul gave $2.5 million to a candidate running against state Sen. Nicole Cannizzaro in the Nevada attorney general race.

Five years ago, a Nevada state senator helped kill a crypto tycoon’s vision of a blockchain city in the Reno desert. Now, that lawmaker is running for higher office, and the crypto mogul is bankrolling her primary opponent to the tune of millions.

The battle playing out in the state attorney general’s race is one example of many of the crypto sector trying to elect industry-friendly officials. In Nevada, it’s also a story of an eccentric multimillionaire whose money threatens the political ascent of a woman who helped deny his dream.

The spending by crypto entrepreneur Jeffrey Berns is “meaningful money, especially at this early stage in the primary,” said Kenneth Miller, an assistant professor of political science at the University of Nevada, Las Vegas. “And we don’t know if this only represents an initial investment and will be followed up by more.”

...read more at theintercept.com