Indiana lawmakers have despatched a invoice to Governor Mike Braun that will broaden authorized protections for cryptocurrency customers and require sure state retirement and financial savings plans to supply a self-directed brokerage possibility with at the least one crypto funding alternative.
Home Invoice 1042 (HB1042) for the “regulation and funding of cryptocurrency” cleared the legislature on Wednesday, with 59 lawmakers voting in favor and 33 in opposition to, based on information from Legiscan.
The invoice seeks to guard Bitcoin (BTC) and cryptocurrency investor rights, ban discriminatory crypto taxes, and open the door for digital asset holdings in state retirement plans.
The invoice is headed to Governor Mike Braun for signature. If signed, most provisions take impact July 1, 2026, whereas the retirement-plan self-directed brokerage requirement would take impact later.
A handful of US states have already signed crypto investor safety payments, together with Oklahoma in November 2024 and Kentucky in March 2025.
Pennsylvania’s Home Invoice 2481 (HB2481) for crypto investor safety rights handed in October 2024 with sturdy bipartisan help, however has but to be signed into regulation.
Indiana’s cryptocurrency rights invoice stands out from the others as the one piece of laws looking for to supply self-directed brokerage accounts to facilitate crypto retirement plans.
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Retirement plans add crypto possibility
The invoice will enable Indiana residents to carry Bitcoin and digital belongings as a part of their retirement plan for the primary time.
If signed, the invoice would require sure state retirement and financial savings plans to supply self-directed brokerage accounts with at the least one cryptocurrency funding possibility by July 1, 2027.
This may prolong to the legislators’ outlined contribution plan, the Hoosier START plan, specified public staff’ retirement funds and specified lecturers’ retirement fund plans, amongst others.
Furthermore, the invoice contains different key provisions that shield the rights of crypto buyers from future regulatory crackdowns.
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State guidelines restricted on crypto
Indiana’s invoice would limit state and native public businesses from adopting or imposing guidelines that will prohibit lawful crypto funds, self-custody or mining, topic to the invoice’s carveouts.
Underneath the laws, public businesses, excluding the Division of Monetary Establishments, will likely be prohibited from adopting laws that prohibit a person’s means to simply accept digital asset cost for authorized items and companies, take custody of their crypto holdings, or impose taxes and charges on crypto funds and self-custodied holdings.
The invoice additionally prohibits the enforcement of laws that will prohibit crypto mining operations for companies or people.
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