Indiana makes a historic step in embracing digital assets. Governor Mike Braun officially signed House Bill 1042 on Tuesday, allowing some state pension funds to include cryptocurrencies as an investment option.
The bill, introduced by Representative Kyle Pierce, was successfully passed by both chambers of the state legislature on February 25 of this year and signed into law by the governor on March 3, becoming legally binding.
According to the bill, multiple public savings and retirement plans in Indiana—including the state legislator’s defined contribution plan, the Hoosier START education savings plan, and certain public employee retirement accounts—must offer autonomous brokerage options in the future, with at least one cryptocurrency investment product included.
The bill explicitly states that plan administrators must complete the setup of cryptocurrency investment channels by July 1, 2027.
Notably, the legislation not only broadens investment avenues but also provides tangible protections for crypto users, stipulating that state and local governments “shall not” impose any special taxes or fees on activities such as “using cryptocurrencies to pay for legitimate goods and services” or “holding assets in self-custodied wallets.”
This legislative innovation in Indiana reflects a broader trend across the U.S. to accelerate the integration of cryptocurrencies into traditional financial systems. In August last year, President Donald Trump also signed an executive order allowing corporate 401(k) retirement plans to include cryptocurrency options.
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