On Thursday, Senator Craig Bowser introduced a new piece of legislation aimed at creating a Strategic Bitcoin and cryptocurrency reserve for Kansas state. 

The proposal, filed as Bill 352, would permit the Kansas Public Employees Retirement System (KPERS) to allocate up to 10% of its total funds into Bitcoin exchange-traded funds (ETFs).

Kansas Bitcoin Bill 

Under the bill’s framework, KPERS would not be obligated to sell its Bitcoin ETF holdings if their value grows beyond the 10% allocation threshold, unless the board determines that doing so would better serve the interests of beneficiaries. 

If enacted, the legislation would also require the KPERS board to conduct an annual review of the investment program, with the results formally submitted to the governor for oversight and evaluation.

Kansas’ move follows a growing trend among US states exploring BTC as a strategic asset as the regulatory environment surrounding crypto has significantly shifted under President Donald Trump’s administration. 

US States Move Toward Crypto Reserves

Texas set an early benchmark last November when it became the first state to formally incorporate cryptocurrency into its treasury strategy by purchasing $10 million worth of Bitcoin. 

In North Dakota, lawmakers are considering BTC investments as a potential hedge against inflation. Oklahoma has also entered the conversation, with Senator Dusty Deevers introducing the Bitcoin Freedom Act.

Meanwhile, Tennessee introduced a new bill last week—HB1695—designed to establish its own Strategic Bitcoin Reserve. West Virginia has put forward Senate Bill 143, which proposes allocating 10% of certain state funds toward a cryptocurrency reserve. 

Missouri has made notable progress as well, advancing House Bill 2080 to create a Strategic Bitcoin Reserve Fund. That measure has already passed its second reading and is now moving forward for further consideration in the state House.

Featured image from DALL-E, chart from TradingView.com 

Despite facing a significant setback with the delay of the crucial vote on the crypto market structure bill, cryptocurrency adoption continues to gain momentum across the United States. Tennessee is now looking to follow Texas’s lead by introducing a new bill, HB1695, aimed at establishing its own Strategic Bitcoin Reserve.

Tennessee’s Bitcoin Reserve Proposal 

According to reports on social media platform X (formerly Twitter), the proposed legislation would authorize the state Treasurer to invest up to 10% of state funds in Bitcoin. This initiative includes mandates for secure custody protocols and restricts holdings exclusively to Bitcoin, designed as a strategy to hedge against inflation.

Texas has set a precedent in this area, making headlines last November as the first state in the US to integrate cryptocurrencies into its treasury strategy by purchasing $10 million worth of Bitcoin. 

This move, signed into law by Governor Greg Abbott on June 20, 2025, was sponsored by State Senator Charles Schwertner and garnered bipartisan support, with a Senate vote of 25-5 in March and a House vote of 101-42 in May.

Now, the proposed Bitcoin reserve bill in Tennessee will need to undergo similar legislative scrutiny to potentially join Texas in making significant strides toward state-level Bitcoin investments. 

Crypto Reserves In The Works

Tennessee and Texas are not alone in their pursuit of cryptocurrency reserves. West Virginia has also introduced its own proposal under bill SB143, which would allocate 10% of state funds for its cryptocurrency reserve. 

This bill empowers the Treasury to invest in Bitcoin and gold as an inflation hedge, essentially making BTC the sole digital reserve asset while additionally allowing for staking.

Missouri, on the other hand, has seen greater progress recently advancing its own proposal to create a Strategic Bitcoin Reserve Fund. The bill, known as HB 2080, has successfully passed its second reading and now moves towards further consideration in the House. 

Featured image from DALL-E, chart from TradingView.com