Indiana Legislature Passes Crypto Bill with Investor-Friendly Provisions

A significant development in the world of cryptocurrency has taken place in the state of Indiana, USA.

The Indiana Legislature has passed a bill that defines cryptocurrency under state law and sets out guidelines for its use. The bill, which now awaits signature from Governor Eric Holcomb, requires certain public retirement plans to offer self-directed brokerage options with crypto investments by July 1, 2027.

This move aims to provide more flexibility for investors in these plans and is seen as a positive step for the growth of cryptocurrency adoption. The bill also includes provisions that prevent state and local agencies from restricting crypto payments, self-custody, mining, or staking, while banning discriminatory taxes or fees.