Kansas State Senator Craig Bowser has introduced a bill to establish a state-managed "Bitcoin and Digital Asset Reserve Fund" aimed at integrating Bitcoin into the public financial system. The proposal outlines that custodial digital assets inactive for three years, following written or electronic notification to owners, will be transferred to the state. These assets can be held in their native form, staked, and receive airdrops. The bill specifies that Bitcoin is prohibited from entering the state's general fund and will be retained as a long-term reserve asset, while 10% of non-Bitcoin digital assets may be allocated to the general fund.
Kansas Senator Proposes State-Managed Bitcoin Reserve Fund
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