Kansas state Sen. Bowser filed Senate Bill 352, proposing a state-run “bitcoin and digital assets reserve fund,” according to the bill text.
The proposal positions the state treasurer as administrator and would capitalize the reserve using airdrops, staking rewards, or interest connected to abandoned digital assets. It also sets an allocation rule: 10% of each digital-asset deposit would be credited to the state general fund, while bitcoin would be excluded from that transfer. For execution, holders would have 30 days after filing an unclaimed-property report to deliver digital assets in their native form, and the treasurer could place assets with a qualified custodian and stake qualifying holdings.
What to watch now is legislative scrutiny of the program’s control framework. The bill contemplates that staking rewards or airdrops left unclaimed for three years would be transferred to the reserve, and it allows the administrator to sell listed digital assets on established exchanges at prevailing market prices. Stakeholders will monitor committee action and any amendments that tighten custody, staking, and liquidation guardrails.
Source: Kansas Legislature.
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