Kansas Bill Seeks Bitcoin Reserve from Unclaimed Assets

Kansas lawmakers have introduced legislation to create a state-managed Bitcoin and digital assets reserve fund, drawing on unclaimed digital property to build holdings without taxpayer-funded purchases. Senate Bill 352, filed by Senator Craig Bowser on January 21, 2026, proposes establishing the fund within the state treasury, administered by the Kansas state treasurer, as the measure advances through the 2026 legislative session.

The bill updates Kansas unclaimed property laws to include digital assets, such as cryptocurrencies and Bitcoin, which would be presumed abandoned after three years of owner inactivity, including failed communication attempts. Custodians like exchanges or banks must then transfer these assets in their native form to the state or a qualified custodian. While held, the state could stake eligible assets to generate rewards, airdrops, or interest, allowing owners to reclaim the underlying assets at any time. If unclaimed for another three years, those generated rewards would flow into the reserve fund.

Under the proposal, 10 percent of deposits from non-Bitcoin digital assets would transfer to the state's general fund, subject to legislative approval,...