Kansas Lawmakers Propose State-Run Bitcoin and Digital Assets Reserve Fund
Kansas lawmakers have proposed a bill to create a state-managed Bitcoin and digital assets reserve fund. The legislation embeds digital assets into Kansas’ unclaimed property system, allowing the state treasury to hold, stake, and receive rewards or interest generated by certain digital assets deemed abandoned under state law. Digital assets would be presumed abandoned after three years of owner inactivity, after which the state could stake them or collect rewards, but the original assets would remain claimable by the owner. Staking rewards and airdrops, if unclaimed, would be transferred to the reserve fund. The bill requires 10% of most digital asset deposits—excluding Bitcoin—to be sent to the general fund, while Bitcoin remains solely in the reserve. Administration would fall under the state treasurer. Key considerations include governance, security, volatility, transparency, and regular public reporting to ensure proper oversight and public trust.
