Indiana Approves Bill Allowing Public Retirement Plans to Invest in Digital Assets

Indiana's state legislature has made a significant move towards embracing digital assets by authorizing public retirement and savings plans to gain exposure to digital assets, including spot exchange-traded funds (ETFs).

The legislation, which is expected to be signed into law by Governor Mike Braun within the next 10 days, aligns with former President Donald Trump's push to expand U.S. crypto holdings.

With this move, Indiana joins a growing list of states that are investing or evaluating investments in digital assets, primarily bitcoin. According to CoinDesk analysis, at least 21 states have taken steps to invest in or evaluate digital assets, with some states such as Arizona and Tennessee having signed legislation opening certain public funds to cryptocurrency purchases.