Kansas SB 352 Bitcoin and Digital Assets Reserve Fund

Kansas SB 352, titled “Creating the bitcoin and digital assets reserve fund and providing definitions, procedures and requirements for abandoned digital assets,” was a 2026 Kansas Senate bill focused on unclaimed digital property. The measure proposed a State Treasurer-administered Bitcoin and Digital Assets Reserve Fund tied to abandoned digital assets rather than a broad public-funds investment mandate. As of June 11, 2026, SB 352 was not enacted; the Kansas final actions report lists S 352 as “Died in Committee” on April 10, 2026. The bill therefore has no enacted or operative effective date.

What Kansas SB 352 would have created

The introduced bill would have created the Bitcoin and Digital Assets Reserve Fund in the Kansas state treasury. The State Treasurer would administer the fund, and the fund would consist of airdrops, staking rewards, or interest earned under the amended unclaimed-property process. Expenditures from the fund would remain subject to appropriations acts and the state’s normal warrant and voucher process.

SB 352 is best understood as an abandoned-property and treasury-administration bill. It did not propose a general authority for Kansas to buy Bitcoin with ordinary state funds. Instead, it would have routed certain value generated from abandoned digital assets into a dedicated state reserve fund.

Key provisions of the Kansas digital assets reserve bill

• Reserve fund: Creates a state treasury fund administered by the State Treasurer for airdrops, staking rewards, and interest associated with abandoned digital assets.
• General fund treatment: Requires 10% of each digital asset deposit into the reserve fund to be credited to the State General Fund, while prohibiting bitcoin from being deposited into that fund.
• Definitions: Defines digital assets to include virtual currencies, cryptocurrencies, and other digital-only assets that confer economic, proprietary, or access rights or powers.
• Custody process: Requires holders to deliver abandoned digital assets in native form to the State Treasurer or a designated qualified custodian within 30 days after reporting.
• Sale rules: Directs the administrator to sell exchange-listed digital assets at prevailing exchange prices and permits commercially reasonable sale methods for assets not listed on an established exchange.

Abandoned digital assets and holder reporting

The bill would have amended Kansas unclaimed-property law to include digital assets and to set a specific abandonment trigger. A digital asset would be presumed abandoned three years after a written or electronic communication was returned to the owner as undeliverable by mail, email, or another electronic messaging method. The presumption would cease if the owner took action regarding the asset or communicated with the holder in a way reflected in the holder’s records.

When unclaimed property reported to the administrator was a digital asset, the holder would report and deliver the asset in native form to the State Treasurer or the treasurer’s designated qualified custodian. If a holder had only a partial private key or otherwise could not move the asset, the holder would maintain it until the additional keys needed for transfer became available.

Staking, airdrops, and reserve-fund transfers

SB 352 would have allowed the State Treasurer to direct a qualified custodian to stake digital assets or receive airdrops. If the digital asset remained unclaimed three years after transfer to the custodian, any airdrops or staking rewards would be transferred to the Bitcoin and Digital Assets Reserve Fund. The fiscal note stated that potential receipts could not be precisely estimated because the State Treasurer did not have data on abandoned digital assets located in Kansas.

Status and timeline

Senator Craig Bowser introduced SB 352 on January 21, 2026. The bill was initially referred to the Senate Committee on Federal and State Affairs on January 22, then withdrawn and referred the same day to the Senate Committee on Financial Institutions and Insurance. Committee materials show a January 27, 2026 hearing with testimony from the Office of the Revisor, Satoshi Action Fund, Senator Bowser, and the Office of the Kansas State Treasurer.

The final Kansas actions report lists the bill as having died in committee on April 10, 2026. For CryptoSlate tracking, that official disposition is mapped to the controlled status term “Expired,” with the legislative stage recorded as dead. Any future Kansas Bitcoin reserve proposal would need to be introduced or revived through a separate legislative action.