• 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

Kraken Introduces CFTC-Regulated Perpetual Futures for Professional Traders

chest

Kraken has launched CFTC-regulated perpetual futures for eligible institutional and professional clients through its Bitnomial integration.

user avatarKaterina Papadopoulou

Michael Saylor Advocates for Bitcoin as Pure Digital Capital

chest

Michael Saylor emphasizes that Bitcoin should remain a pure digital asset, separate from yield-bearing crypto systems.

user avatarMaya Lundqvist

Bitcoin Tests Global Liquidity Assumptions

chest

Bitcoin is currently testing the assumption that rising global liquidity will lead to higher prices, as global M2 liquidity reaches a record high.

user avatarLeo van der Veen

Switzerland to Host US-Iran Memorandum Signing on June 19, 2026

chest

Switzerland is set to host a US-Iran memorandum signing on June 19, 2026, involving Qatar and Pakistan as mediators.

user avatarLi Weicheng

Aztec Connect Smart Contract Exploited for $219 Million

chest

A deprecated Aztec Connect smart contract has been exploited for about $219 million, highlighting the risks associated with old contracts in DeFi.

user avatarAisha Farooq

World Liberty Financial Partners with UFC for USD1 Stablecoin Bonus Pool

chest

World Liberty Financial has partnered with UFC to use its USD1 stablecoin in the event's bonus structure, aiming to promote the token to a mainstream sports audience.

user avatarTenzin Dorje

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.