‘Infrastructure Bill’ US passes senate, VanEck files for ETF and Venmo starts with crypto-cashbacks

Photo by Executium on Unsplash

Infrastructure bill passes US Senate, affecting Bitcoin industry

This legislation imposes a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation,” said Senator Toomey.

The fight for lawmakers to clear up the language used to define brokers in the crypto space may be moving to the United States House of Representatives soon after a failed attempt in the Senate.

In a 69–30 vote, the Senate passed HR 3684 this morning. There had been a debate (with several declined amendments) regarding the word ‘broker’, and the position of miners, software developers and node-owners in relation to the bill.

Source: Cointelegraph

VanEck Files for Bitcoin Strategy ETF

VanEck is once again seeking to launch an ETF that will invest in bitcoin futures while its other proposed offering that would directly invest in the cryptocurrency awaits regulatory approval.

The New York-based firm filed for the VanEck Bitcoin Strategy ETF, according to an Aug. 9 SEC disclosure. The document does not indicate a ticker or expense ratio for the proposed product.

The ETF would be actively managed and invest in bitcoin futures contracts as well as pooled investment vehicles and exchange-traded products that provide exposure to bitcoin, according to the preliminary prospectus. The fund would not invest in bitcoin or other digital assets directly.

Source: Blockworks

Venmo allows consumers to receive crypto-cashbacks

Market giant PayPal has dropped another piece of good news for consumers earlier today. Venmo, a Paypal owned payments platform, has enabled its cardholders to purchase cryptocurrency using the monthly cashback rewards they acquire from their Venmo credit card buyings.

Reportedly, Venmo has introduced a new update on its platform today, dubbed the “Cash Back to Crypto” program which will enable Venmo credit cardholders to acquire Bitcoin, Ethereum, including other supported crypto assets via the cash rewards they receive from credit card buying.

Give us a call on +372 602 6773 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any question you may have, especially in regards to easily selling your crypto for fiat currencies.




The fast and secure solution to sell crypto for businesses and private individuals alike

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

US stocks slip as investors assess Bullard’s comments on rates and digest Ukraine-Russia…

Introducing FluidFi’s DigitalDollar ($DUSD)

Recommending Crypto to Friends & Family Just Became 10x Easier


Crypto Trading — An Introduction


How to Buy FIT Token ($FIT) — Beginner’s Guide

How to Buy FIT Token ($FIT)

The Cryptocurrency Market Has Lost $1.4 Trillion Since Its Peak

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


The fast and secure solution to sell crypto for businesses and private individuals alike

More from Medium

COTI Price Prediction: What Does The Future Hold for COTI?

NFT-MAKER PRO UPLOADER created by ShelterPets (outdated)

Female Elementals Series and So Much More!

Netflix for Game Night: AMA Recap