Overview
- Governor Mike Braun signed HB 1042 into law, authorizing cryptocurrency exposure in designated public retirement and savings plans through self-directed accounts.
- The law requires plan administrators to offer brokerage windows that include at least one crypto-linked investment option by July 1, 2027.
- HB 1042 defines cryptocurrency in state statute and prohibits discriminatory taxes or restrictions targeting digital asset transactions.
- The measure protects residents’ right to self-custody digital assets while leaving oversight with existing regulators, including the Department of Financial Institutions.
- Participation is voluntary and does not require pension funds to buy or hold crypto, allowing access through approved vehicles such as regulated bitcoin ETFs.