On Thursday, January 22, the Kansas state lawmakers unveiled an all-new bill proposing the establishment of a state-run Bitcoin and Digital Assets Reserve Fund. This revolutionary approach will utilize cryptocurrencies labelling them unclaimed properties at the state’s disposal. State Senator Craig Bowser introduced Senate Bill 352, placing it under the purview of the Kansas State Treasurer if the bill gets greenlit.
The Protocols and Provisions of the Bill
The bill carries notable passages stating that subject to appropriation acts, the state treasurer shall credit around 10% of each deposit of digital assets into the newly formed fund. However, the bill adequately emphasizes that the state treasurer shall not deposit Bitcoin in the state general fund.
A Shift in the Property Laws and Guidelines
Primarily focusing on unclaimed property, the proposal seeks to renew and modernize the Kansas laws to encompass digital assets. It provides a clear structure on how certain custodial digital assets may be considered abandoned and thereby, legitimize their transfer to the state.
The U.S. Trends and Governmental Stance on Bitcoin
This move by Kansas is symbolic of a wider shift in the U.S. In recent years, there has been a nationwide formalization of how the government handles Bitcoin and other comparable digital assets. While the idea of having strategic Bitcoin reserves as a treasury strategy is not entirely new, with certain states having already delved into this, Kansas’ bill sways the focus towards defining custody rules and rectification of unclaimed property. As the world’s largest digital currency, Bitcoin, with its commanding market capitalization of more than $1.7 trillion, has become more significant than ever before.
States Leading the Bitcoin Revolution
Kansas’ move parallels a rapidly increasing interest among other states in developing Bitcoin reserve-style policies. Three years ahead, in 2025, lawmakers in states like Arizona, Utah, and Oklahoma are projected to advance similar placards related to state treasury strategy and public funds.
National Implementation
This trend has kindled a broader initiative to integrate Bitcoin into long-term reserve planning nationwide. In March 2025, President Donald Trump signed an executive order to establish a U.S. Strategic Bitcoin Reserve, forfeiting the sale of captured Bitcoin in criminal and civil cases at auction. As of today, the U.S., reportedly, holds roughly 198,012 BTC, translating into over $17 billion.
Incorporating Bitcoin into Federal Legislation
Furthermore, Bitcoin reserve proposals have also emerged at the federal level. Rep. Warren Davidson (R-Ohio) introduced the revolutionary “Bitcoin For America Act” in November 2025. This ricocheting act would sanction Americans to pay their federal taxes in Bitcoin and transfer those funds into a Strategic Bitcoin Reserve.
By facilitating the integration of the Bitcoin layer within the state finance architecture, the US, led by states like Kansas, is leveraging the opportunities presented by the largest cryptocurrency in the world. It will be interesting to watch how this digital asset revolution unfolds in the governance and economy context.
