Indiana Approves Bitcoin Investments in Public Retirement Plans
Indiana lawmakers passed legislation allowing public retirement plans to offer self-directed brokerage accounts with cryptocurrency investment options by July 2027.Summary
Indiana lawmakers have approved HB 1042, legislation that permits public retirement and savings plans to invest in bitcoin, crypto, and related ETFs, with Governor Mike Braun expected to sign it into law. This move positions Indiana among states exploring digital assets in public portfolios. The law mandates that by July 1, 2027, public retirement boards must offer self-directed brokerage accounts that include at least one cryptocurrency investment option, allowing participants to manage these assets alongside traditional investments under established guidelines.
Cryptocurrency is defined in the legislation as an unissued virtual currency relying on encryption for verification and transfer. While allowing these investments, Indiana also voted to ban virtual currency kiosks (crypto ATMs) across the state due to rising fraud concerns, citing significant local losses and national FBI reports detailing a massive increase in ATM-related scams.
(Source：Bitcoin Magazine)