Lawmakers within the US state of Kansas are contemplating a invoice that will create a state-managed Bitcoin and digital property reserve fund funded by unclaimed property fairly than direct purchases of cryptocurrency.
Kansas Senate Invoice 352, launched by Senator Craig Bowser on Wednesday, would set up a “Bitcoin and digital property reserve fund” within the state treasury, administered by the state treasurer.
The fund would include airdrops, staking rewards and curiosity earned on deserted digital property held below Kansas’ unclaimed property legislation.
It could embody cryptocurrencies and “different digital-only property,” fairly than any direct purchases of Bitcoin (BTC) by the state, broadly mirroring the White Home’s choice to fund a US Strategic Bitcoin Reserve with forfeited BTC as an alternative of shopping for cash on the open market.
Beneath the invoice, 10% of every deposit of digital property into the reserve fund have to be credited to the state’s basic fund, however Bitcoin itself could be stored out of the final fund.
SB 352 additionally amends Kansas’ unclaimed property statutes to outline “digital property” and “airdrops,” and to spell out how the state treats such property when they’re thought of deserted.
The invoice was referred to the Committee on Monetary Establishments and Insurance coverage on Thursday after transferring from the Federal and State Affairs Committee.
The brand new invoice follows earlier Kansas proposals, corresponding to Senate Invoice 34, which might permit the Kansas Public Staff Retirement System to allocate as much as 10% of its property to identify Bitcoin exchange-traded funds (ETFs).
SB 34 was launched in January 2025 and stays within the Senate Committee on Monetary Establishments and Insurance coverage.
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Kansas and different states take a look at Bitcoin laws
Kansas is amongst a gaggle of US states the place lawmakers have launched Bitcoin or crypto-focused payments, starting from strategic reserve ideas to activity forces and managed allocations to digital asset merchandise.
On the federal degree, the administration of US President Donald Trump stated it’s transferring ahead with plans for a Strategic Bitcoin reserve and digital asset stockpile, funded with forfeited Bitcoin fairly than new taxpayer purchases.
On Jan. 16, a senior White Home official stated the Bitcoin reserve stays a precedence for the administration.
Outdoors the US, nations corresponding to El Salvador and Bhutan have already included Bitcoin into their nationwide methods by direct holdings, state-linked mining operations and utilizing BTC to again longer-term improvement tasks and particular financial zones.
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