- Kansas lawmakers introduced a state-managed Bitcoin and digital assets reserve funded through unclaimed property.
- The proposal, Bill 352, would create a reserve fund administered by the state treasurer.
- The fund would hold airdrops, staking rewards and interest from abandoned digital assets rather than direct state purchases of cryptocurrency.
- Ten percent of each digital-asset deposit must be credited to the state general fund, while Bitcoin itself would be excluded from the general fund.
- The bill updates unclaimed property law to define “digital assets” and “airdrops” and was referred to the Committee on Financial Institutions and Insurance.
Kansas lawmakers introduced a bill this week to form a state-managed reserve of Bitcoin and other digital assets funded through unclaimed property. The bill, Bill 352, was filed by Senator Craig Bowser and would place the reserve in the state treasury under the control of the state treasurer. The aim is to hold abandoned digital assets rather than to buy cryptocurrency on the open market.
The proposed reserve would consist of airdrops, staking rewards and interest earned on abandoned digital assets held under Kansas’ unclaimed property law. The measure would cover cryptocurrencies and “other digital-only assets” and explicitly avoids direct state purchases of Bitcoin, broadly mirroring federal plans to fund a strategic Bitcoin reserve with forfeited coins.
Under the bill, 10% of each deposit of digital assets into the reserve must be credited to the state’s general fund, while Bitcoin itself would be kept out of the general fund. The legislation also amends Kansas’ unclaimed property statutes to define “digital assets” and “airdrops” and to specify how the state treats such assets when considered abandoned.
< b>Bill 352 moved from the Federal and State Affairs Committee and was referred to the Committee on Financial Institutions and Insurance for further review. The proposal follows earlier Kansas legislation, including a separate measure that would allow the Kansas Public Employees Retirement System to allocate up to 10% of its assets to spot Bitcoin ETFs; that bill, introduced in January 2025, remains in the Senate Committee on Financial Institutions and Insurance.
Kansas is among several U.S. states examining Bitcoin and crypto-focused laws, while some countries such as El salvador and Bhutan have already integrated Bitcoin into national strategies. For the full text of the bill, see the Kansas Legislature.
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