Kansas lawmakers have introduced Senate Bill 352, a proposal to establish a state-run Bitcoin and digital assets reserve fund. The fund would be managed by the Kansas State Treasurer and would hold cryptocurrencies transferred to the state through unclaimed property laws. These include digital assets left inactive for three years and classified as abandoned by custodians such as exchanges or banks.
The reserve fund would not actively trade or invest in crypto but would store what the state acquires. It would also be allowed to receive staking rewards and airdrops related to those holdings.
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10% to Go Into General Fund
Under the proposed law, up to 10% of each digital asset deposit into the reserve could be credited to Kansas’s general fund. The remainder would stay in the dedicated reserve. Oversight and expenditures would be subject to state appropriation acts, and custody would follow state-approved procedures.
The bill also outlines that the state would not convert Bitcoin into cash for the general fund. Only non-Bitcoin assets could be partially transferred to it.
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Part of a Broader Trend
The proposal follows a series of similar efforts by other U.S. states. Texas, Florida, Utah, and Wyoming have each introduced or passed legislation related to state-held crypto assets or strategic Bitcoin reserves. At the federal level, President Donald Trump created a national Bitcoin reserve in 2025, focused on holding crypto seized in legal cases.
Kansas had previously focused on smaller initiatives, such as pilot programs for digital payments in government services and tax incentives for blockchain startups. SB-352 would mark its most direct step toward incorporating cryptocurrency into state-level financial planning.
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What’s Next
The bill is now under consideration in the Kansas Senate. If passed, it would formalize how the state receives, stores, and manages digital assets under existing property laws. While it doesn’t propose new investments or public crypto spending, it aims to give Kansas a defined structure for handling the digital assets it already receives.
