Kansas lawmakers introduced a bill on Thursday, Jan. 22, that would create a state-run Bitcoin and Digital Assets Reserve Fund, using crypto that ends up in state hands through unclaimed property rules.
Senate Bill 352 was introduced by State Senator Craig Bowser. If passed, it would place the fund under the Kansas State Treasurer. Notably, the bill states: “Subject to appropriation acts, the state treasurer shall credit to the state general fund 10% of [sic] each deposit of digital assets in the bitcoin and digital assets reserve fund. The state treasurer shall not deposit bitcoin in the state general fund.”
The proposal focuses primarily on unclaimed property and would update Kansas law to cover digital assets. It also outlines how certain custodial digital assets could be deemed abandoned and transferred to the state.
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