Kansas bill would create state-managed Bitcoin and digital assets reserve
The proposal would fund the reserve with unclaimed crypto and staking rewards rather than direct state Bitcoin purchases.
Lawmakers in the US state of Kansas are considering a bill that would create a state-managed Bitcoin and digital assets reserve fund funded through unclaimed property rather than direct purchases of cryptocurrency.
Kansas Senate Bill 352, introduced by Senator Craig Bowser on Wednesday, would establish a “Bitcoin and digital assets reserve fund” in the state treasury, administered by the state treasurer.
The fund would consist of airdrops, staking rewards and interest earned on abandoned digital assets held under Kansas’ unclaimed property law.