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Jeffrey Berns' Millions Target Nevada AG Candidate Who Blocked Blockchain City Vision

human The Vault unverified 2026-05-07 01:01:37 Source: The Intercept

Crypto entrepreneur Jeffrey Berns has deployed at least $2.5 million since 2023 to derail the political future of a Nevada state senator who helped dismantle his vision for a blockchain city in the Reno desert. The funding, funneled through a political action committee controlled by Nevada State Treasurer Zac Connealy, represents a strategic effort by the crypto sector to install industry-friendly officials in powerful statewide positions. The target is a candidate whose opposition five years ago effectively killed Berns' ambitious techno-urban project before it could break ground.

The conflict centers on a proposal that would have transformed arid Nevada land into a community designed around cryptocurrency infrastructure and blockchain technology. The lawmaker, now running for state attorney general, was among the legislators who identified regulatory and practical obstacles that ultimately made the project untenable. Berns' financial retaliation arrives at a critical juncture in her campaign, with political science observers noting the early-stage spending could represent merely an opening investment. Kenneth Miller, an assistant professor of political science at the University of Nevada, Las Vegas, described the outlay as "meaningful money, especially at this early stage in the primary," adding that the full scope of Berns' spending intentions remains unclear.

The Nevada contest illustrates a broader pattern of cryptocurrency interests channeling significant capital into races that could determine regulatory attitudes toward digital assets. State attorney general offices wield considerable influence over consumer protection enforcement, securities interpretation, and litigation authority—all areas where crypto operations face potential scrutiny. Berns' involvement signals that personal grievances can intersect with industry-wide lobbying strategies, turning individual policy disputes into high-stakes electoral confrontations with implications for how Nevada regulates the digital asset sector.