Kansas Senator Proposes Bill For State’s Strategic Bitcoin Reserve And ETF Investment
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.
bitcoinist01/23 00:02
