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Kansas introduces bill to establish Bitcoin and digital assets reserve fund

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A Kansas lawmaker has introduced Senate Bill 352 (SB352), which would create a Bitcoin and digital assets reserve funded by staking rewards, airdrops, and interest from unclaimed digital assets held by the state.

The bill, introduced on January 21, 2026, by Senator Craig Bowser, would modernize Kansas’ unclaimed property law to include digital assets and establish a “Bitcoin and Digital Assets Reserve Fund” managed by the state treasurer.

Under the proposal, digital assets would be treated as unclaimed property after three years of no owner activity or communication, at which point custodians such as exchanges or banks would be required to transfer the assets in their native form to the state or a licensed qualified custodian.

The state would be permitted to stake eligible assets while holding them, generating staking rewards, airdrops, and interest, while the original owner retains the right to reclaim the underlying asset at any time.

If the assets remain unclaimed for another three years, all associated staking rewards, airdrops, and interest generated while the state held the asset would automatically flow into the Bitcoin and Digital Assets Reserve Fund, with 10% of non-Bitcoin deposits credited to the general fund and all spending subject to legislative approval.

SB352 builds on earlier Kansas crypto efforts, including tax incentives for blockchain startups. A related bill, SB34, was introduced in January 2025 to allow the Kansas Public Employees Retirement System to invest in Bitcoin ETFs under specific limitations.

The Kansas proposal aligns with similar legislative initiatives in Wyoming and Texas, as well as federal efforts like the BITCOIN Act.

South Korea probes loss of seized bitcoin in phishing attack

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Internal audit showed the coins were likely lost via a phishing attack during official storage, according to local media reports.

SEC, CFTC To Hold Discussion On Harmonizing Crypto Oversight

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The SEC’s Paul Atkins and the CFTC’s Michael Selig will discuss the two agencies’ crypto oversight as legislative efforts to define their roles work through the Senate.

The US Securities and Exchange Commission and the Commodities Futures Trading Commission say they’re coming together to discuss their efforts to implement President Donald Trump’s crypto agenda.

The agencies said on Thursday that SEC chair Paul Atkins and freshly-installed CFTC chair Michael Selig will hold an event on Tuesday to discuss the “harmonization between the two agencies.”

“For too long, market participants have been forced to navigate regulatory boundaries that are unclear in application and misaligned in design, based solely on legacy jurisdictional silos,” Atkins and Selig said in a statement. 

“This event will build on our broader harmonization efforts to ensure that innovation takes root on American soil, under American law, and in service of American investors, consumers, and economic leadership,” they added.

Source: Paul Atkins

Industry waiting on CLARITY Act 

The crypto industry is closely watching the Senate as it works to advance a crypto market structure bill that would define how the two agencies will regulate the crypto market.

The Senate Banking and Agriculture Committees are pushing toward marking up the bills, but both have been plagued with delays as they work to gain bipartisan support for the legislation.

Related: US crypto czar Sacks says banks, crypto will merge into ‘one digital asset industry’

A Senate Banking draft of the bill released earlier this month caused a stir as it added further restrictions on stablecoin yields and decentralized finance, causing major crypto lobbyist Coinbase to pull its support and delay the committee’s markup of the bill.

Source: Cynthia Lummis

Senate Agriculture Republicans released their draft version of the bill on Wednesday, ahead of a scheduled markup on Tuesday next week, which did not have the support fo the committee’s Democrats.