Indiana lawmakers have launched a proposal that will let public funds throughout the state spend money on Bitcoin.
Home Invoice 1042 arrived on Dec. 2, 2025, with Consultant Kyle Pierce main the hassle and Reps. Jake Teshka, Christopher Judy, and Heath VanNatter becoming a member of as co-sponsors. The invoice now sits with the Home Committee on Monetary Establishments.
Provisions of the Invoice
Notably, the measure goals to replace how Indiana’s public financial savings and retirement packages deal with fashionable investments. It instructs the managers of main defined-contribution plans, worker retirement techniques, and the state’s 529 schooling plan to incorporate crypto ETFs as a part of their normal funding lineup.
Furthermore, it additionally provides judges’ and prosecutors’ pension techniques, law-enforcement retirement packages, and a number of other different profit funds the choice to direct belongings into crypto ETFs if their directors select to take action.
HB 1042 additional expands the state treasurer’s authority by permitting sure belief and profit funds to spend money on stablecoin ETFs.
Apart from investments, the invoice seeks to create a single statewide method to digital-asset use. It blocks native governments from introducing guidelines that restrict residents’ potential to simply accept or maintain digital belongings. It additionally rejects native taxes, charges, zoning guidelines, and noise restrictions that unfairly goal crypto mining or deal with it in another way from related industries.
Apparently, the invoice additionally clarifies that individuals who use self-custody or non-custodial pockets software program don’t act as cash transmitters below state legislation. In court docket issues, judges would solely achieve entry to somebody’s non-public key when no different proof can unlock the digital asset.
Rising Curiosity in Bitcoin Amongst US States
The current proposal makes Indiana the most recent state within the U.S. to help Bitcoin-focused investing, following the arrival of the crypto-friendly Donald Trump administration. As an example, final yr, Arizona requested two of its main retirement techniques to look into Bitcoin ETFs as a approach to diversify their investments.
Pennsylvania adopted in November 2024, when lawmakers proposed permitting the state treasurer and public pension funds to place as much as 10% of sure state belongings into Bitcoin.
In the meantime, Florida launched the same plan in October 2025, giving its CFO and the State Board of Administration authority to allocate a comparable share of public funds, together with the big Florida Retirement System Belief Fund, into Bitcoin.
Apparently, New Hampshire already took a extra decisive step in Could 2025. Particularly, Governor Kelly Ayotte signed a invoice that lets the state treasury transfer as much as 5% of eligible reserves into digital belongings with market caps above $500 billion, a class that at the moment contains solely Bitcoin.
Texas additionally superior its personal technique by creating the Texas Strategic Bitcoin Reserve and authorizing its comptroller to direct $10 million in public funds towards Bitcoin, together with ETF purchases. In consequence, the state invested $5 million into the BlackRock Bitcoin ETF final month.
DisClamier: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article could embrace the creator’s private opinions and don’t replicate The Crypto Fundamental opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Fundamental isn’t chargeable for any monetary losses.
