Kansas Senate Bill 352 Proposes Bitcoin and Digital Assets Reserve Using Unclaimed Property

Kansas Lawmakers Advance Digital Asset Reserve Plan Without Direct Crypto Purchases

TL;DR

• Kansas lawmakers introduced Senate Bill 352 to create a state-managed Bitcoin and digital assets reserve funded through unclaimed property rather than market purchases.
• The proposal assigns oversight to the state treasurer and redirects a portion of non-Bitcoin digital assets to the general fund while retaining Bitcoin in reserve.
• The bill advanced through committee review on January 23, 2026, as part of broader state-level crypto policy efforts.

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Kansas lawmakers introduced legislation that would allow the state to establish a Bitcoin and digital assets reserve funded through unclaimed property, according to filings and committee records released January 23, 2026. Senate Bill 352 was introduced by state Senator Craig Bowser and proposes the creation of a dedicated reserve fund under the authority of the Kansas State Treasurer, enabling the state to hold abandoned digital assets rather than liquidating them under existing unclaimed property procedures.

The measure updates Kansas unclaimed property statutes to explicitly recognize digital assets, including cryptocurrencies, airdrops, and staking rewards, as property that can be transferred to state custody after meeting abandonment criteria. The bill does not authorize Kansas to purchase Bitcoin or other cryptocurrencies directly on the open market, instead relying solely on assets already deemed unclaimed under state law.

Under the proposal, digital assets transferred into the reserve would be managed separately from other state holdings. The legislation specifies that 10% of the value of digital assets deposited into the reserve, excluding Bitcoin, would be credited to the Kansas general fund. Bitcoin transferred into the reserve would remain segregated and would not be redirected to general revenue accounts.

Oversight of the reserve would fall to the Kansas State Treasurer, who would be authorized to determine custody arrangements and asset management practices. The bill allows unclaimed digital assets to be transferred by regulated custodians such as exchanges, banks, and trust companies, while excluding self-custodied wallets from mandatory transfer requirements. Staking rewards and airdrops generated from assets held by the state would also be retained within the reserve framework.

Senate Bill 352 was initially reviewed by the Senate Federal and State Affairs Committee before being referred to the Senate Committee on Financial Institutions and Insurance for further consideration. The proposal builds on other digital asset-related legislative efforts in Kansas, including Senate Bill 34, introduced in January 2025, which would permit the Kansas Public Employees Retirement System to allocate up to 10% of its portfolio to spot Bitcoin exchange-traded funds.

The legislation places Kansas among a growing number of U.S. states examining formal mechanisms for holding or managing digital assets at the government level. Similar approaches have been discussed in other jurisdictions that seek to integrate digital assets into public finance structures without committing taxpayer funds to direct cryptocurrency purchases.

This article has been refined and enhanced by ChatGPT.