• 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

2 months 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

Share

Other news

US Congress Committee Approves Stablecoin Bill

US Congress Committee approves a bill aimed at regulating the issuance of currency-tied crypto tokens.

user avatarGiorgi Kostiuk

a minute ago

Ethereum Faces Challenges, as BlockDAG Advances with Testnet

Ethereum and XRP face hurdles while BlockDAG shows progress with a new testnet.

user avatarGiorgi Kostiuk

2 minutes ago

Trump's Tariff Hike: CICC Report

CICC predicts significant consequences from Trump's 22.7% tariff increase, potentially triggering stagflation in the U.S. economy.

user avatarGiorgi Kostiuk

2 minutes ago

OpenAI Strengthens Its Philanthropic Mission: Formation of an Expert Group

OpenAI creates an expert group to support its charitable mission as it adapts to changes in its business model.

user avatarGiorgi Kostiuk

4 minutes ago

Meme Coins Are Back in Focus — Dragoin ($DDGN) on the Rise

Meme coins are making a comeback, and Dragoin ($DDGN) may take the lead with its unique ecosystem and gameplay dynamics.

user avatarGiorgi Kostiuk

4 minutes ago

Explore Crypto with CEX.IO: Power Tap Quiz April 3, 2025

Find today's Power Tap Quiz answers from CEX.IO: simplicity vs. complexity in crypto.

user avatarGiorgi Kostiuk

4 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.