• 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

Cyprus Emerges as a Web3 Hub After Banking Crisis

chest

Cyprus has transformed into a preferred hub for Web3 startups and cryptocurrency businesses, developing a regulatory framework that attracts teams seeking stability.

user avatarSon Min-ho

Cyprus Banking Crisis Sparks Cryptocurrency Adoption

chest

In March 2013, Cyprus faced a severe banking crisis that led to the shutdown of banks and frozen accounts, causing a complete loss of trust in traditional banking systems. This crisis forced citizens to seek alternatives, leading to a significant shift towards cryptocurrency as a reliable means of financial control.

user avatarAyman Ben Youssef

Kaloyan Iliev Introduces NSDQ ETF COIN: A New Way to Invest in NASDAQ

chest

Kaloyan Iliev introduces NSDQ ETF COIN, a digital representation of traditional ETFs tracking the NASDAQ100 index, enabling easier investment access for individuals in regions with limited market access.

user avatarTando Nkube

NSDQ ETF COIN: Breaking Barriers for Global Investors

chest

NSDQ ETF COIN aims to eliminate barriers for global investors by allowing them to invest in the NASDAQ through a simple digital token.

user avatarZainab Kamara

CNBC's Crypto World Show Misprices XRP Due to Ticker Error

chest

On January 28, 2023, CNBC's Crypto World show mispriced XRP at 126.01 due to a ticker error, leading to discussions among traders about its perceived value.

user avatarJacob Williams

NSDQ ETF COIN: Commitment to Transparency and Compliance

chest

Kaloyan Iliev discusses the rigorous processes behind NSDQ ETF COIN to ensure that tokens reflect the value of underlying ETFs, fostering trust and compliance with security regulations.

user avatarSon Min-ho

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.