Indiana Governor Signs Bill Allowing Bitcoin in State Retirement Plans
Indiana's Governor Mike Braun signed a bill allowing state employees to invest in Bitcoin and crypto via self-directed retirement accounts.Summary
Indiana Governor Mike Braun has signed House Bill 1042, which mandates that the state's public retirement boards and deferred compensation committees must offer self-directed brokerage accounts including at least one cryptocurrency investment option by July 1, 2027. This legislation permits state employees to allocate a portion of their retirement savings to Bitcoin, other crypto assets, or crypto-linked ETFs, while retirement boards maintain authority to set allocation limits and administrative oversight. The bill defines cryptocurrency as a non-central authority-issued virtual currency relying on encryption. Indiana joins other states like South Dakota, Rhode Island, and New Hampshire in exploring or implementing digital asset integration into public finance or investment portfolios.
(Source：Bitcoin Magazine)