Lawmakers in Kansas are considering legislation that would establish a state-managed Bitcoin and digital assets reserve funded through unclaimed property rather than direct cryptocurrency purchases. Senate Bill 352 would create the reserve within the state treasury and place it under the administration of the state treasurer.
Under the proposal, the reserve would be capitalized using abandoned digital assets collected under Kansas’ unclaimed property laws, including staking rewards, airdrops, and interest earned on those assets. The bill explicitly avoids authorizing the state to buy Bitcoin on the open market, aligning with broader federal approaches that rely on forfeited or unclaimed crypto holdings.
The measure also updates Kansas statutes to formally define digital assets and airdrops, clarifying how such property is treated when deemed abandoned. Kansas joins a growing number of US states exploring crypto-related legislation as policymakers weigh potential benefits, risks, and governance frameworks for digital assets within public finance.
