Kansas State Senator Craig Bowser recently made a bold move—advocating for the establishment of a Bitcoin and digital asset reserve fund directly managed by the state government. The core logic of this proposal is quite interesting: integrating digital assets into the public financial system and exploring new asset management models.
How exactly would this work? According to the proposal details, if custodial digital assets have no activity record for three consecutive years, they will be transferred into the state government account after written or electronic notification to the holder. Once transferred, assets like BTC can be held in native form, staked for additional income, or even participate in ecosystem airdrops to earn extra rewards.
What does this approach signify? It indicates that more and more local governments in the U.S. are taking the financial attributes of Bitcoin and other digital assets seriously and are exploring how to leverage these assets within a legal framework to serve public finances. Although still in the proposal stage, this signal is clear enough.
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NeonCollector
· 9h ago
Kansas, is this move a sign that US state governments are really starting to get into digital assets? Staking, airdrops, and even earning yields... this pace is a bit fast.
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AirdropChaser
· 9h ago
Damn, haven't touched it in three years and it's confiscated? Isn't that basically a form of detention...
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PessimisticLayer
· 9h ago
Wow, the state government is directly using idle assets? That's a pretty bold move.
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ProposalManiac
· 9h ago
Wait, if there's no activity for three years, it's confiscated? There's a problem with this mechanism design. Just notifying is considered done? What if the address holder doesn't receive the notification at all? Isn't this essentially confiscation?
Kansas State Senator Craig Bowser recently made a bold move—advocating for the establishment of a Bitcoin and digital asset reserve fund directly managed by the state government. The core logic of this proposal is quite interesting: integrating digital assets into the public financial system and exploring new asset management models.
How exactly would this work? According to the proposal details, if custodial digital assets have no activity record for three consecutive years, they will be transferred into the state government account after written or electronic notification to the holder. Once transferred, assets like BTC can be held in native form, staked for additional income, or even participate in ecosystem airdrops to earn extra rewards.
What does this approach signify? It indicates that more and more local governments in the U.S. are taking the financial attributes of Bitcoin and other digital assets seriously and are exploring how to leverage these assets within a legal framework to serve public finances. Although still in the proposal stage, this signal is clear enough.