Kansas state senator introduces bill to create strategic Bitcoin reserve

Kansas State Senator Bowser has introduced a bill to establish a strategic reserve of Bitcoin and other cryptocurrencies, Watcher.Guru reported. The proposed legislation would place the state treasurer in charge of managing the reserve. Under the bill, a portion of the revenue generated from airdrops, staking rewards, and interest would be allocated to the state's general fund, while the principal BTC holdings would not be sold but instead held in reserve.