Indiana Governor Signs Bill Allowing Bitcoin In State Retirement Plans

"The measure, House Bill 1042, requires Indiana's public retirement boards, deferred compensation committees, and annuity savings programs to offer self-directed brokerage accounts that include at least one cryptocurrency investment option by July 1, 2027. The accounts will allow participants to allocate a portion of their retirement savings to bitcoin, crypto assets, or crypto-linked exchange-traded funds, subject to investment guidelines and oversight established by plan administrators."

"Under the law, participants will be able to select and manage their own cryptocurrency holdings alongside traditional assets such as stocks, bonds, and ETFs. Retirement boards will retain authority to set allocation limits, establish administrative fees, and ensure that account valuations reflect prevailing market prices."

"The legislation defines cryptocurrency as a virtual currency not issued by a central authority that functions as a medium of exchange and relies on encryption to regulate issuance, verify transfers, and prevent counterfeiting. Indiana lawmakers said the definition provides clarity for public investment programs evaluating digital asset exposure."

Indiana Governor Mike Braun signed House Bill 1042, requiring the state's public retirement boards, deferred compensation committees, and annuity savings programs to offer self-directed brokerage accounts with at least one cryptocurrency investment option by July 1, 2027. Participants can allocate portions of retirement savings to bitcoin, crypto assets, or crypto-linked exchange-traded funds alongside traditional investments like stocks and bonds. Retirement boards maintain authority to set allocation limits, establish administrative fees, and ensure accurate account valuations. The law defines cryptocurrency as a virtual currency functioning as a medium of exchange using encryption for regulation and verification. Indiana joins other states, including South Dakota and Rhode Island, exploring cryptocurrency integration into public investment portfolios.

Read at Bitcoin Magazine