Indiana has become the first U.S. state to authorize the inclusion of Bitcoin and other cryptocurrencies in state-managed retirement plans. Governor Mike Braun signed House Bill 1042 into law, mandating that these plans offer at least one cryptocurrency investment option through self-directed brokerage accounts. The law, authored by Representative Kyle Pierce, allows users to operate nodes and engage in peer-to-peer transactions, though stablecoin-related funds remain excluded due to regulatory uncertainties.
The legislation provides a grace period until July 1, 2027, for full integration of digital asset provisions. While Indiana embraces institutional crypto, it has banned retail crypto kiosks with the passage of House Bill 1116, prohibiting virtual currency kiosks across the state.
Indiana Legalizes Crypto in State Retirement Plans
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