NFL considering crypto integration according to SEC documents

The National Football League lobbied the Securities and Exchange Commission on “issues related to blockchain technology” from July through December last year.

Records indicate the lobbying campaign represents the first time the NFL has attempted to influence the government agency that oversees financial securities.

The league spent over $600,000 on lobbying both chambers of Congress and various government agencies, including the SEC, during the second half of 2021.

Beyond the SEC, the NFL lobbied the White House Office, the Department of Justice and the Department of Commerce.

Cryptocurrencies like bitcoin are built on top of something known as the blockchain, which acts as a digital ledger that keeps track of all transactions of a particular token.

The NFL, run by Commissioner Roger Goodell, is trying to determine whether crypto can be an integral part of the league’s business.

Crypto is set to be heavily advertised during Sunday’s Super Bowl game between the Los Angeles Rams and Cincinnati Bengals.