Indiana Legislators Give Cryptocurrency Official Recognition

The state of Indiana has made a significant step forward in its approach to cryptocurrency. House Enrolled Act 1042 has been passed, providing an official legal definition for digital assets. According to the law, crypto is defined as a digital asset that operates without central control and uses encryption to create units and verify transactions.

The legislation also includes a requirement for the state retirement board to offer at least one cryptocurrency investment option through a self-directed brokerage account by July 1, 2027. This move is intended to modernize financial regulations and give investors more choices as interest in digital assets continues to grow.