Overview
- HB 1042 cleared both chambers and was sent to Governor Mike Braun for final approval, according to multiple outlets.
- The measure would allow specified state retirement and education plans to offer cryptocurrency exposure through regulated ETFs within self-directed brokerage accounts, with participation remaining optional.
- The bill affirms residents’ rights to use and self-custody digital assets, limits most agencies from imposing extra restrictions, and bars special crypto-only taxes.
- If signed, the law is slated to take effect on July 1, 2026, with state administrators preparing approved programs before offering crypto options.
- Lawmakers also passed a separate statewide ban on crypto ATMs, enforceable by the attorney general under deceptive consumer sales laws following reported fraud losses.