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Kansas Bill Aims to Establish Bitcoin and Digital Asset Reserve Fund

Kansas legislators have introduced Senate Bill 352, proposing the creation of a Bitcoin and Digital Asset Reserve Fund. The bill, filed by State Senator Craig Bowser, amends unclaimed property laws to classify digital assets like Bitcoin as abandoned after three years of inactivity. Custodians such as exchanges must transfer these assets to the state. The state treasurer would manage the fund by staking assets, earning airdrops and interest, with non-Bitcoin assets partially funding state operations while Bitcoin is held in reserve. The bill has been referred to committee, reflecting growing U.S. interest in regulating and integrating cryptocurrencies into government financial strategies.

TheNewsCrypto01/23 15:14