Kansas is pushing legislation to stockpile bitcoin and digital assets through abandoned cryptocurrency and staking rewards, without buying them directly, Cointelegraph reported on Jan. 23 (local time).
Kansas Senate Bill 352, introduced by state Senator Craig Bowser, stipulates that the state government establish and manage a bitcoin and digital-asset reserve.
Under the bill, the Kansas Treasury would manage the bitcoin and digital-asset reserve and build the fund through abandoned cryptocurrency and proceeds such as staking rewards, airdrops and interest. It is a strategy that uses state-held abandoned assets rather than buying bitcoin directly.
The bill coincides with Kansas' legislative push related to digital assets. An earlier measure, Senate Bill 34, allows the Kansas Public Employees Retirement System (KPERS) to invest up to 10 percent of its assets in spot bitcoin ETFs.
Chi-gyu Hwang (황치규)
delight@d-today.co.kr