- Oh, the clever scoundrels in Kansas! They’ve whipped up a scheme-Senate Bill 352, no less-to conjure a treasure trove from forgotten digital trinkets. How delightfully devious!
- But wait! Bitcoin, that sly rascal, gets special treatment. It’s locked away in its own vault, never to mingle with the common coins in the state’s piggy bank.
- Kansas, you old copycat, is following in the footsteps of Texas and New Hampshire, who’ve already dipped their toes into the crypto cauldron. What a hoot!
So, the wily lawmakers of Kansas have hatched a plan to turn forgotten digital doodads into a state treasure. No taxpayer gold is being tossed into this pot-just the leftovers from the digital feast.
Imagine, if you will, a magical vault where abandoned tokens are transformed into a resource for the state. It’s like a fairy tale, but with more spreadsheets and fewer dragons.
The Wizard of the Digital Vault
The state treasurer, that wise old wizard, will be the guardian of this new Bitcoin and digital assets reserve fund. And yes, it’s all under the watchful eye of the unclaimed property rules. No funny business here-just a bit of financial wizardry.
Administration? Oh, it’s all by the book. The state’s unclaimed property rules will keep everything tidy. No loose ends, no missing socks-just a well-organized digital sock drawer.
BREAKING:
🇺🇸 U.S. State Kansas has introduced a bill to create a Bitcoin & crypto strategic reserve.
Giga Bullish 🚀
– Ash Crypto (@AshCrypto)
Now, here’s the twist: if you leave your digital coins untouched for three years, poof! They’re presumed abandoned. That’s quicker than a bank account, which gets the same treatment after five years. And once the state takes custody, a qualified custodian steps in, ready to earn rewards from staking or even catch airdrops like a digital butterfly net.
The Rules of the Crypto Game
Ah, but not all tokens are created equal. Bitcoin, that golden child, is treated like royalty. It stays in its own reserve, never to be tossed into the general fund. The other digital assets? Well, 10% of them get sent to the state’s piggy bank. But Bitcoin? It’s the untouchable prince of the crypto kingdom.
And don’t worry, if you’re the rightful owner of these abandoned treasures, you can still claim them. Only the secondary rewards-the interest, the airdrops-become the state’s after three years. Fair’s fair, after all.
Transparency: The Magic Word
Holding digital coins on a public balance sheet is like juggling flaming torches-risky business. Price swings? They’re the headlines politicians dread. And if private keys are mishandled, well, that’s a recipe for disaster. Experts say Kansas should treat this like any other public treasure-with clear rules and limits.
Transparency is key. Supporters suggest publishing wallet addresses on the blockchain, so every citizen can peek into the vault. Regular reports, independent audits-it’s all part of the show. After all, if the state’s holding these assets on-chain, the public wants to see every move, every shuffle, every trick.
The Crypto Bandwagon Grows
Kansas isn’t alone in this digital adventure. New Hampshire, that trailblazer, enacted its Strategic Bitcoin Reserve law last May. Texas joined the party, and Arizona passed a law to keep seized or unclaimed crypto in its original form. It’s like a crypto potluck, and everyone’s bringing their best dish.
New Hampshire made history today by becoming the first state with a bitcoin strategic reserve
US states are front running the federal reserve
– Crypto Tea (@Cryptotea)
Florida and West Virginia are next in line, with proposals ready for their 2026 sessions. West Virginia’s even considering putting up to 10% of state funds into Bitcoin and precious metals. It’s a treasure hunt, and everyone wants a piece of the pie.
These moves show that local governments are thinking outside the traditional treasure chest. Bonds and cash? So last century. Now, it’s all about diversifying, about finding new ways to grow their wealth. And who knows? Maybe one day, we’ll all be paying taxes in Bitcoin. Stranger things have happened, haven’t they?
Read More
- VCT Pacific 2026 talks finals venues, roadshows, and local talent
- Will Victoria Beckham get the last laugh after all? Posh Spice’s solo track shoots up the charts as social media campaign to get her to number one in ‘plot twist of the year’ gains momentum amid Brooklyn fallout
- Vanessa Williams hid her sexual abuse ordeal for decades because she knew her dad ‘could not have handled it’ and only revealed she’d been molested at 10 years old after he’d died
- Dec Donnelly admits he only lasted a week of dry January as his ‘feral’ children drove him to a glass of wine – as Ant McPartlin shares how his New Year’s resolution is inspired by young son Wilder
- SEGA Football Club Champions 2026 is now live, bringing management action to Android and iOS
- The five movies competing for an Oscar that has never been won before
- EUR ILS PREDICTION
- Binance’s Bold Gambit: SENT Soars as Crypto Meets AI Farce
- Invincible Season 4’s 1st Look Reveals Villains With Thragg & 2 More
- CS2 Premier Season 4 is here! Anubis and SMG changes, new skins
2026-01-23 20:23