Indiana is moving closer to formally embedding crypto into its public financial system after lawmakers approved House Bill 1042, commonly referred to as the Bitcoin Rights Bill. The legislation has cleared both legislative chambers and now awaits the signature of Governor Mike Braun.
If enacted, the law would allow certain public investment programs to provide exposure to crypto through regulated ETFs and establish legal protections for individuals who use or hold digital assets. The measure reflects a broader shift among U.S. states as they explore how crypto fits within traditional finance.
Public Funds and Retirement Plans Open to Crypto ETFs
HB 1042 permits state-managed investment funds to include cryptocurrency ETFs as investment options rather than allowing direct token purchases. The approach aims to provide exposure through regulated financial products while maintaining oversight mechanisms.
Under the bill, several state-administered programs must offer self-directed brokerage accounts containing at least one digital asset investment option. These include retirement plans for teachers, public employees, and legislators, as well as the Hoosier START 529 education savings program…