Indiana prepares to put bitcoin (BTC) in its public retirement plans
Indiana lawmakers authorized public retirement plans to access Bitcoin and ETFs while banning crypto ATMs due to fraud concerns.Summary
The Indiana state legislature passed HB 1042, which permits public retirement and savings plans to gain exposure to digital assets and spot exchange-traded funds (ETFs), with Governor Mike Braun expected to sign it into law soon. This move places Indiana among at least seven other states integrating crypto-linked products into public investment frameworks, reflecting a broader national trend where 21 states are investing in or evaluating digital assets like Bitcoin and stablecoins. Concurrently, the legislature passed a separate measure banning virtual currency kiosks (crypto ATMs) statewide, citing rising fraud concerns; this follows warnings from law enforcement after Evansville residents lost about $400,000 in ATM-related scams in 2025. National data indicates significant crypto ATM fraud, with the FBI reporting $240 million lost in the first half of 2025.
(Source：CoinDesk)