• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Kansas May Begin Investing Pension Funds in Bitcoin

user avatar

by Giorgi Kostiuk

a year ago

Kansas is considering investing up to 10% of pension funds in Bitcoin ETFs through a proposal by Senator Craig Bowser.

Senator Bowser’s Proposal

Senator Craig Bowser introduced Senate Bill 34, which allows the Kansas Public Employees Retirement System to invest part of the retirement fund in Bitcoin ETFs. The bill proposes the establishment of a board of trustees to manage these investments.

Annual Review and Program Sustainability

The program includes the potential to increase the percentage of Bitcoin ETFs beyond 10%, keeping beneficiaries' interests in mind. An annual review of the investments will be conducted to assess sustainability and potential growth.

Legislative Steps Ahead

The bill, introduced on January 16, is with the Committee on Financial Institutions and Insurance. To become law, it has to pass several stages in both the Kansas Senate and House before being signed or rejected by the governor.

If the proposed bill is passed, it would be a significant step for Kansas and could set a precedent for other US states.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Market Consolidation Shifts Focus to Structurally Relevant Crypto Assets

chest

As market consolidation continues, analysts are shifting their focus toward structurally relevant crypto assets rather than momentum-driven price movements.

user avatarBayarjavkhlan Ganbaatar

Avalanche Presents Value Opportunity with 91% Markdown

chest

Avalanche is currently trading at $13.91, having dropped 91% from its peak of $144, presenting a significant value opportunity for risk-tolerant investors.

user avatarMohamed Farouk

LiveKit Achieves $1 Billion Valuation Following Major Funding Round

chest

LiveKit has reached a significant milestone with a $1 billion valuation following a $100 million funding round.

user avatarDiego Alvarez

LiveKit's Journey from Open Source Project to AI Unicorn

chest

LiveKit transitioned from an open-source project to a billion-dollar company by addressing the needs of large enterprises.

user avatarElias Mukuru

Zelensky Criticizes Europe's Inaction at Davos

chest

Ukrainian President Volodymyr Zelenskyy criticized European nations for their inaction regarding US policies in Venezuela and Iran during the World Economic Forum in Davos.

user avatarKenji Takahashi

NVIDIA Unveils FlashAttention4 to Boost AI Workloads

chest

NVIDIA unveils FlashAttention4, an advanced attention kernel for Blackwell GPUs, enhancing AI workloads with a 20x speed boost.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.