- Kansas lawmakers filed legislation to create a strategic Bitcoin and digital assets reserve.
- The measure would let the state keep airdrops, staking rewards, and interest in a dedicated fund.
- The bill, labeled SB 352, represents the most ambitious crypto effort yet in the state.
- Only a few U.S. states have pursued similar steps; other states mentioned include Wyoming, Texas, Florida, and Arizona.
- The crypto market rose 0.97% over the last 24 hours after a recent seven-day decline.
Kansas lawmakers have introduced a bill to establish a strategic bitcoin and digital assets reserve, according to a recent filing. The proposal would let the state hold and manage crypto holdings to potentially benefit public finances.
The filing specifies how the fund would collect crypto proceeds. “The fund shall consist of all airdrops, staking rewards, or interest earned as prescribed in K.S.A. 58-3952(f), and amendments thereto,” and it adds that staking rewards may arrive as digital assets.
The text says all spending from the reserve would require appropriations and official warrants. The bill would create a framework for receiving, storing, and using digital assets under state control.
Lawmakers have previously pursued smaller crypto initiatives, including tax incentives for blockchain startups and pilot programs for digital payments in state agencies. Supporters describe SB 352 as the most ambitious state-level effort to create a reserve that could function similarly to a sovereign wealth fund.
Other states have moved on crypto policy in varied ways. Wyoming has built a broad, blockchain-friendly legal regime, Texas has promoted crypto mining and considered accepting Bitcoin for fees, and Florida and Arizona have tested digital asset management pilots in government operations.
The wider crypto market showed a modest uptick, rising 0.97% over the past 24 hours after a seven-day decline.
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