• 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

Stablecoin Addresses Surpass 200 Million, Signaling Major Adoption

chest

The number of unique blockchain addresses holding stablecoins has officially surpassed 200 million, marking a significant milestone in cryptocurrency adoption.

user avatarArif Mukhtar

Layer 2 Chain Creation Slows Amid Market Challenges

chest

The creation of new Layer 2 (L2) chains has significantly slowed down due to a lack of demand and user engagement, with many chains facing closure in a competitive crypto market.

user avatarMaria Gutierrez

Ethereum Maintains Dominance Over Layer 2 Chains

chest

Ethereum continues to dominate the market despite the rise of Layer 2 chains, generating nearly 500K in daily fees while L2 chains struggle to maintain their share of app revenues.

user avatarLuis Flores

No Historical Precedents for ADX Florence in Crypto

chest

Experts find no significant outcomes related to an ADX Florence crypto endeavor, with no historical precedents linking it to current market trends.

user avatarMohamed Farouk

No Verified Cryptocurrency Project Linked to ADX Florence

chest

Current reports indicate that there are no verified records of a cryptocurrency project named ADX Florence.

user avatarElias Mukuru

Britain's Economy Set for 14% Growth in 2025

chest

Britain's economy is expected to grow by 14% in 2025, surpassing major European countries and ranking third among G7 nations.

user avatarJacob Williams

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.