Creating the bitcoin and digital assets reserve fund and providing definitions, procedures and requirements for abandoned digital assets.

Summary

The bill would establish a Bitcoin and Digital Assets Reserve Fund in the Kansas Treasury, funded by airdrops, staking rewards, and interest earned on digital assets. It requires the treasurer to allocate 10% of each deposit to the state general fund, while prohibiting direct deposits of Bitcoin into that fund, and it adds definitions for terms like airdrop, digital assets, and staking. The measure aims to give Kansas a way to manage unclaimed digital assets, but it did not pass.

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