Indiana to enact bill allowing crypto investments in retirement plans after governor’s sign-off
Indiana Governor Mike Braun signed a bill allowing certain state retirement plans to offer crypto investment options by July 2027.Summary
Indiana Governor Mike Braun signed House Bill 1042 into law, which mandates that several state public savings and retirement plans—including defined contribution plans for legislators, the Hoosier START education savings program, and certain public employee/teacher retirement accounts—must offer a self-directed brokerage option that includes at least one cryptocurrency investment product. Plan administrators are required to provide this access by July 1, 2027. The legislation, introduced by Rep. Kyle Pierce, also protects crypto users by barring state and local authorities from imposing special taxes or fees on using crypto for lawful transactions or on individuals using self-hosted wallets for custody. This move aligns with a broader national trend toward integrating digital assets into traditional finance, following a federal executive order signed by President Donald Trump last August regarding 401(k) plans.
(Source：The Block)