Key Takeaways
- • Indiana lawmakers approved HB 1042, allowing public retirement and savings plans to invest in digital assets and spot crypto ETFs, with Gov. Mike Braun expected to sign it within 10 days, according to CoinDesk.
- • Indiana becomes one of at least 21 states investing in or evaluating bitcoin and other digital assets for public funds, per CoinDesk analysis.
- • Separately, the Indiana legislature voted to ban crypto ATMs statewide after law enforcement reported rising fraud, including about $400,000 in related scams in Evansville in 2025.
- • Additional coverage indicates the bill requires certain state-run public defined contribution plans to offer at least one cryptocurrency investment option by July 2027, pending the governor's signature.
Summary
Indiana lawmakers have approved a bill allowing public retirement and savings plans to invest in digital assets and spot crypto exchange-traded funds, according to CoinDesk. The measure, HB 1042, is expected to be signed by Gov. Mike Braun within the next 10 days. The bill also affirms residents' access to crypto investments.
CoinDesk reports that Indiana joins at least seven other states, including Wyoming, Wisconsin, Michigan and Arizona, that have moved to integrate crypto-linked products into public investment frameworks. CoinDesk analysis counts 21 states investing in or evaluating digital assets for public funds, primarily bitcoin and, in some cases, dollar-pegged stablecoins. States including Arizona, Tennessee, Oklahoma and Nebraska have signed legislation opening certain public funds to cryptocurrency purchases. The trend has accelerated since President Donald Trump directed his administration to establish a Bitcoin Strategic Reserve, and aligns with his pledge to make the U.S. the "crypto capital of the world."
In a separate measure, Indiana legislators voted to ban crypto ATMs statewide after law enforcement reported rising fraud. CoinDesk cites about $400,000 in related scams in Evansville in 2025.
Additional coverage describes the retirement provisions in more detail. One report says the bill would allow certain public retirement and savings plans to offer self-directed brokerage accounts with cryptocurrency investments, and another says certain state-run public defined contribution plans must offer crypto investments by 2027. These details are reported by secondary outlets and should be read alongside the governor's pending signature.
CoinDesk reports that Indiana joins at least seven other states, including Wyoming, Wisconsin, Michigan and Arizona, that have moved to integrate crypto-linked products into public investment frameworks. CoinDesk analysis counts 21 states investing in or evaluating digital assets for public funds, primarily bitcoin and, in some cases, dollar-pegged stablecoins. States including Arizona, Tennessee, Oklahoma and Nebraska have signed legislation opening certain public funds to cryptocurrency purchases. The trend has accelerated since President Donald Trump directed his administration to establish a Bitcoin Strategic Reserve, and aligns with his pledge to make the U.S. the "crypto capital of the world."
In a separate measure, Indiana legislators voted to ban crypto ATMs statewide after law enforcement reported rising fraud. CoinDesk cites about $400,000 in related scams in Evansville in 2025.
Additional coverage describes the retirement provisions in more detail. One report says the bill would allow certain public retirement and savings plans to offer self-directed brokerage accounts with cryptocurrency investments, and another says certain state-run public defined contribution plans must offer crypto investments by 2027. These details are reported by secondary outlets and should be read alongside the governor's pending signature.
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