TechFlow news: On January 23, according to The Defiant, a Kansas state legislator introduced a bill on January 22 to establish a state Bitcoin and digital asset reserve fund, intended to hold cryptocurrencies transferred to the state government under unclaimed property laws.
The bill was introduced by State Senator Craig Bowser. If passed, the fund would be managed by the Kansas Department of Treasury. The bill stipulates that the Department of Treasury must allocate 10% of each digital asset deposited into the Bitcoin and digital asset reserve fund to the state’s general fund. The proposal focuses primarily on unclaimed property and would update Kansas state law to include digital assets.
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