This past September, Democratic California governor Gavin Newsom vetoed a bill that overwhelmingly passed both chambers of the California legislature and would have delivered rules and transparency to the state’s burgeoning and largely unregulated cryptocurrency industry.

The move came after the crypto industry spent more than $400,000 on lobbying efforts and representatives from the Bay Area tech giant Salesforce lobbied Newsom directly on blockchain technology and other industry matters and treated him to a swanky dinner, according to lobbying disclosures.

This wasn’t the only time Newsom refused to crack down on crypto operations, even in the face of mounting industry scandals and imploding crypto firms. Last December, Newsom’s office published a largely glowing report on cryptocurrencies crafted mainly by tech and venture capital interests — including several crypto companies facing lawsuits and enforcement actions.