Kansas Senator Proposes Bill For State’s Strategic Bitcoin Reserve And ETF Investment

bitcoinistPublished on 2026-01-23Last updated on 2026-01-23

Abstract

Kansas Senator Craig Bowser has introduced Bill 352, proposing the creation of a Strategic Bitcoin Reserve for the state. The bill would allow the Kansas Public Employees Retirement System (KPERS) to allocate up to 10% of its funds into Bitcoin ETFs. Holdings exceeding the threshold would not require automatic selling unless beneficial to the fund’s beneficiaries. An annual review of the investment would be submitted to the governor. This move is part of a broader trend among U.S. states like Texas, North Dakota, Oklahoma, Tennessee, West Virginia, and Missouri, which are also exploring or implementing Bitcoin reserves as strategic assets or inflation hedges.

On Thursday, Senator Craig Bowser introduced a new piece of legislation aimed at creating a Strategic Bitcoin and cryptocurrency reserve for Kansas state.

The proposal, filed as Bill 352, would permit the Kansas Public Employees Retirement System (KPERS) to allocate up to 10% of its total funds into Bitcoin exchange-traded funds (ETFs).

Kansas Bitcoin Bill

Under the bill’s framework, KPERS would not be obligated to sell its Bitcoin ETF holdings if their value grows beyond the 10% allocation threshold, unless the board determines that doing so would better serve the interests of beneficiaries.

If enacted, the legislation would also require the KPERS board to conduct an annual review of the investment program, with the results formally submitted to the governor for oversight and evaluation.

Kansas’ move follows a growing trend among US states exploring BTC as a strategic asset as the regulatory environment surrounding crypto has significantly shifted under President Donald Trump’s administration.

US States Move Toward Crypto Reserves

Texas set an early benchmark last November when it became the first state to formally incorporate cryptocurrency into its treasury strategy by purchasing $10 million worth of Bitcoin.

In North Dakota, lawmakers are considering BTC investments as a potential hedge against inflation. Oklahoma has also entered the conversation, with Senator Dusty Deevers introducing the Bitcoin Freedom Act.

Meanwhile, Tennessee introduced a new bill last week—HB1695—designed to establish its own Strategic Bitcoin Reserve. West Virginia has put forward Senate Bill 143, which proposes allocating 10% of certain state funds toward a cryptocurrency reserve.

Missouri has made notable progress as well, advancing House Bill 2080 to create a Strategic Bitcoin Reserve Fund. That measure has already passed its second reading and is now moving forward for further consideration in the state House.

The daily chart shows BTC’s inability to reclaim the key $90,000 support on Thursday. Source: BTCUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com

Related Questions

QWhat is the main purpose of the bill proposed by Kansas Senator Craig Bowser?

AThe bill aims to create a Strategic Bitcoin and cryptocurrency reserve for Kansas state and would permit the Kansas Public Employees Retirement System (KPERS) to allocate up to 10% of its total funds into Bitcoin exchange-traded funds (ETFs).

QWhat is the specific bill number filed for the Kansas Bitcoin reserve proposal?

AThe proposal is filed as Bill 352.

QUnder the bill's framework, is KPERS required to sell its Bitcoin ETF holdings if they exceed the 10% allocation threshold?

ANo, KPERS would not be obligated to sell its Bitcoin ETF holdings if their value grows beyond the 10% threshold, unless the board determines that doing so would better serve the interests of the beneficiaries.

QWhich US state was the first to formally incorporate cryptocurrency into its treasury strategy, and how much did it invest?

ATexas was the first state to formally incorporate cryptocurrency into its treasury strategy by purchasing $10 million worth of Bitcoin last November.

QName at least three other US states mentioned in the article that are also moving toward creating their own Bitcoin or cryptocurrency reserves.

AOther states mentioned are North Dakota, Oklahoma, Tennessee, West Virginia, and Missouri.

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