Kansas bill would create state managed bitcoin and digital assets reserve fund

Kansas Senate Bill 352, introduced on 21 January 2026 by Senator Craig Bowser, would establish a Bitcoin and digital assets reserve fund in the state treasury and place it under the administration of the state treasurer. The bill would draw on digital assets treated as abandoned under Kansas unclaimed property rules.

Under the proposal, the reserve would be funded by airdrops, staking rewards and interest earned on abandoned digital assets held by the state. The text also refers to cryptocurrencies and other digital only assets, and does not authorize the state to buy bitcoin on the open market. The approach broadly mirrors the White House plan to capitalize a U.S. Strategic Bitcoin Reserve with forfeited bitcoin instead of new purchases.

The bill would require 10% of each deposit of digital assets into the reserve fund to be credited to the state general fund, while keeping bitcoin itself out of the general fund. It would also amend Kansas unclaimed property statutes to define digital assets and airdrops and set out how the state treats such assets when they are considered abandoned.

SB 352 was referred to the Kansas Senate Committee on Financial Institutions and Insurance on 22 January 2026 after moving through the Federal and State Affairs Committee. The filing follows an earlier Kansas proposal, Senate Bill 34, which would allow the Kansas Public Employees Retirement System to allocate up to 10% of its assets to spot bitcoin exchange traded funds. SB 34 was introduced in January 2025 and remains in the Senate Committee on Financial Institutions and Insurance.

Kansas is among a growing number of U.S. states considering bitcoin or crypto focused bills, including proposals for reserves, task forces and limited exposure to digital asset products. At the federal level, the Trump administration has said it is moving ahead with plans for a Strategic Bitcoin Reserve and a separate digital asset stockpile funded with forfeited bitcoin, and a senior White House official said on 16 January 2026 that the reserve remained a priority. Outside the United States, El Salvador and Bhutan have pursued national bitcoin strategies through direct holdings and state linked initiatives.