Kansas Introduces Bitcoin Strategic Reserve Bill

On the 22nd, the Kansas State Legislature submitted Senate Bill 352 (SB 352), aimed at establishing a strategic reserve fund for Bitcoin (BTC) and other cryptocurrencies. The bill intends for the state to hold and manage Bitcoin and other digital assets, utilizing them for the public good. Over the past several years, Kansas has explored blockchain-related tax incentives and pilot projects for digital payments in state agencies, but SB 352 represents the state's most significant initiative towards creating a cryptocurrency reserve at the state level. According to the bill, unclaimed digital assets such as Bitcoin will be...