- Indiana lawmakers approved a bill allowing public retirement plans to offer cryptocurrency investment options.
- The bill protects individuals’ rights to use, hold, and accept digital assets without special restrictions or taxes.
Indiana lawmakers have approved a new bill called House Bill 1042 (HB 1042) that supports crypto investment and protects digital asset rights. The House and the Senate have approved the bill, and it is waiting for the final approval from Governor Mike Braun.
The main goal of this Bill
The bill’s primary objective is to permit certain state retirement and savings plans to offer cryptocurrency as an investment option. This means people who are part of the public employee retirement funds, teacher retirement funds, legislators’ retirement funds, and the Hoosier START college saving program will be able to invest in the crypto through a self-directed brokerage account.
HB 1042 also focuses on protecting people’s right to use digital assets. Under the proposal, state agencies cannot stop people from using crypto, and people cannot be blocked from accepting cryptocurrency as payment for legal goods and services. Individuals can legally hold the crypto in self-hosted or hardware wallets, and the state cannot create special taxes for the crypto that do not apply to other financial transactions.
This bill is right now waiting for the governor’s signature, and once it is signed, the bill will take effect on July 1, 2026. It will make a greater shift toward integrating cryptocurrency into the financial system. The final decisions are expected to come in the upcoming weeks or days.
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