Kansas Senator Elaine Bowers has proposed a bill that would allow the Kansas Public Employees Retirement System (KPERS) to invest up to 10% of its assets in Bitcoin ETFs. The bill outlines guidelines for these investments, including compliance with financial and fiduciary standards. KPERS would need to meet strict criteria and obtain recommendations from qualified experts before making Bitcoin investments. The legislation aims to protect the interests of KPERS members and beneficiaries by prioritizing fund preservation and minimizing risks. Critics have expressed concerns about the volatility of Bitcoin, but the bill includes safeguards such as expert oversight and defined investment limits. If passed, the bill could set a precedent for integrating digital assets into traditional financial systems.



Other News from Today