Kansas Lawmakers Propose State-Run Bitcoin and Digital Assets Reserve Fund

Kansas lawmakers have proposed a bill to create a state-run Bitcoin and digital assets reserve fund, embedding digital assets into the unclaimed property framework. The fund would hold abandoned digital assets, allowing for staking rewards to flow into the reserve. Bitcoin would be treated differently, with 10% of other digital asset deposits sent to the state’s general fund, while Bitcoin would remain in the reserve fund. The bill raises questions about governance, custody, and transparency of managing digital assets on a public balance sheet.