• 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

Cloudflare Reports Surge in Malicious Emails

chest

Cloudflare reports that over 5% of all emails sent globally contain malicious content, with a significant increase noted in November.

user avatarTomas Novak

Transforming the NFT Marketplace: Magic Eden's Buyback Program

chest

Magic Eden's new buyback program is set to transform the operational model of NFT marketplaces by enhancing trust among creators and collectors.

user avatarMaya Lundqvist

Magic Eden Launches Innovative Ordinals Buyback Program

chest

Magic Eden has launched an Ordinals buyback program, committing 15% of trading fees to purchase Ordinals for its treasury, aiming to enhance the Bitcoin NFT ecosystem.

user avatarKaterina Papadopoulou

Regulatory Support for Bitcoin Intermediation by Banks

chest

The OCC's recent interpretive letter legitimizes Bitcoin intermediation by banks, allowing them to engage in Bitcoin-related activities without the need for asset holdings on their balance sheets.

user avatarLeo van der Veen

Remittix Aligns with Global Payment Modernization Trends

chest

Remittix aligns with global payment modernization trends by transitioning to live settlement execution for faster and more reliable cross-border payments.

user avatarAisha Farooq

Remittix Shifts Focus to Continuous Payment Flow Validation

chest

Remittix shifts focus to continuous payment flow validation to ensure reliable payment execution under real conditions.

user avatarLi Weicheng

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.