The Indiana state legislature confirmed residents’ access to cryptocurrency investments and permitted public retirement and savings plans to be exposed to digital assets and spot exchange-traded funds (ETFs).
Within the next ten days, Governor Mike Braun is anticipated to sign HB 1042 into law.
Indiana is one among at least seven states that have taken steps to incorporate cryptocurrency-related products into public investment frameworks, along with Wyoming, Wisconsin, Michigan, and Arizona.
More than half of the state governments in the US have either already invested part of their cash in cryptocurrencies or are about to do so since President Donald Trump ordered his administration to establish a Bitcoin Strategic Reserve.
According to a report, 21 states are investing in or assessing investments in digital assets, mainly bitcoin and occasionally dollar-pegged stablecoins.
In line with Trump’s promise to establish the United States as the “crypto capital of the world”, states including Arizona, Tennessee, Oklahoma and Nebraska have passed legislation allowing the purchase of cryptocurrencies using specific public monies.
Another proposal pertaining to cryptocurrency was enacted by the Indiana legislature on Tuesday, outlawing the use of virtual currency kiosks, or “crypto ATMs”, throughout the state.
Violations would be subject to enforcement by the state attorney general under deceptive consumer sales laws.
The bill follows warnings from state and local law enforcement about rising fraud tied to crypto ATMs. In Evansville, Indiana, authorities reported that in 2025 residents lost approximately $400,000 in scams connected to the kiosks.
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