Kansas State Senator Craig Bowser has proposed a bill that would allow the Kansas Public Employees Retirement System (KPERS) to invest up to 10% of public employee retirement funds into spot Bitcoin exchange-traded funds (ETFs). The proposed legislation aims to establish a board of trustees to manage these investments and conduct annual evaluations of the investment program. Senator Bowser's Senate Bill 34 was introduced on January 16, and subsequently passed to the Committee on Financial Institutions and Insurance on January 17. The bill must go through four additional steps before it can be referred to the House of Representatives for further consideration. If approved, it will then require the governor’s approval or veto. Should this bill pass, it may represent a significant shift in Kansas lawmakers' approach to cryptocurrency investment, contrasting with a previous bill introduced in 2023 that attempted to impose strict regulations on crypto donations but failed to progress due to compliance issues.

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