According to Foresight News , Kansas lawmakers are considering a bill called Senate Bill 352 (SB 352), which proposes establishing a state-managed "Bitcoin and Digital Asset Reserve Fund." Unlike proposals for direct federal purchases of Bitcoin, this fund would raise capital through airdrops, staking rewards, and interest generated from abandoned digital assets held under the state's unclaimed property laws. Under the bill, the reserve fund would be managed by the state's treasurer and would include cryptocurrencies and other purely digital assets. The bill stipulates that 10% of every digital asset (excluding Bitcoin) deposited into the reserve fund must be allocated to the state's general fund, with Bitcoin remaining entirely in the reserve. The bill was introduced by Senator Craig Bowser on Wednesday and was forwarded to the Financial Institutions and Insurance Commission on Thursday.
Kansas plans to establish a state-level Bitcoin and digital asset reserve using unclaimed assets.
This article is machine translated
Show original
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
