Kansas lawmakers filed a bill proposing a strategic bitcoin and crypto reserve. According to a recent filing, the measure would let the state hold and manage digital assets.
“The fund shall consist of all airdrops, staking rewards, or interest earned as prescribed in K.S.A. 58-3952(f), and amendments thereto,” “The rewards received from staking the digital asset may be in the form of digital assets. All expenditures from the bitcoin and digital assets reserve fund shall be in accordance with appropriations acts upon warrants of the director of accounts and reports issued pursuant to.”
Over the years, Kansas lawmakers explored tax incentives and small digital payment pilots. SB 352 represents the most ambitious state attempt so far to create such a reserve.
Other states have moved to integrate cryptocurrencies into government operations. Wyoming enacted a blockchain-friendly legal framework while Texas supported mining and proposed accepting Bitcoin for fees.
Florida and Arizona have tested pilot programs for digital asset management in agencies (Ed. note: Kansas would be one of few states pursuing a direct strategic crypto reserve.). The crypto market rose about 1.0% over the past 24 hours, after a seven-day decline.
