Indiana Legislature Approves Crypto Investment Bill

Indiana has taken a significant step towards integrating cryptocurrency into its public investment frameworks with the passage of HB 1042.

The bill, which was sponsored by State Representative Kyle Pierce, permits public investment funds to invest in cryptocurrency ETFs and requires state-administered plans to provide access to cryptocurrency investments. This includes retirement funds for teachers, public employees, and state legislators, as well as education savings plans like the Hoosier START 529 plan.

The legislation focuses on crypto ETFs rather than direct token purchases, allowing exposure to digital assets through regulated investment vehicles. Participants would choose whether to invest in these options, and the bill does not mandate participation in cryptocurrency markets.