Indiana introduces bill to open crypto exposure to public pension funds

Source: CryptoBriefing Original Title: Indiana introduces bill to open crypto exposure to public pension funds Original Link:

Key Takeaways

  • Indiana unveiled a new bill enabling crypto investment options in state pension plans.
  • The bill would allow numerous Indiana public investment plans to offer crypto ETFs.

Indiana lawmakers introduced a new bill that would allow public pension plans to offer crypto exposure to participants, joining a growing trend of states exploring cryptocurrency and digital assets in public investment programs.

The bill, HB1042, mandates that many public retirement and savings plans offer crypto ETFs and allows others to invest in them voluntarily. It proposes the establishment of a Blockchain and Digital Assets Task Force to study government and consumer applications and recommend pilot projects.

The legislation also aims to prohibit state and local agencies from restricting legal digital asset use, mining, or self-custody, and protects private keys as privileged information.

The legislative push comes as Bitcoin gains recognition as a store of value among government entities. The federal BITCOIN Act proposes using Bitcoin appreciation to help offset national debt through a strategic reserve system.

US Treasury officials have indicated no current plans for federal Bitcoin acquisition, leaving individual states to pursue their own digital asset strategies through pension fund allocations.

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ChainMelonWatchervip
· 12-07 08:36
Indiana is really going all in, even daring to invest pension funds... Who will bear this risk?
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gas_fee_traumavip
· 12-07 02:32
Here they go after pension funds again? Unbelievable, are these lawmakers trying to make the grannies go all in on Dogecoin?
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pvt_key_collectorvip
· 12-05 23:30
Indiana is really bold, directly letting pension funds touch crypto? Now the retirees are either going to get rich several times over or go bankrupt—there’s no middle ground.
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CryptoMotivatorvip
· 12-05 15:52
Ha, Indiana is getting into this too, with public pensions playing with crypto... If they suffer major losses, the retirees are going to be furious.
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MidnightMEVeatervip
· 12-05 15:36
Good morning. Yet another pension fund is jumping into the fire, this time it's Indiana. Institutional entry always follows the same pattern—first hyping up the prospects, then getting drained dry by the bot-filled sandwich attack playground. How much retirement money do you think this liquidity trap will swallow this time? Just wait and see how the gas wars eat up those tiny miner tips.
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SolidityNewbievip
· 12-05 15:30
Indiana’s move is quite interesting—are pension funds getting into crypto too? Traditional institutions entering the market can definitely give it a push, but who’s going to shoulder the risk...
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ser_ngmivip
· 12-05 15:26
Another one? Now all the states in the US are getting involved, and even pension funds are getting on board. Looks like grandpas’ retirement savings will have to rely on shitcoins to preserve their value, haha.
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