Indiana Approves Bitcoin Investments In Retirement Plans

"Under the new law, Indiana's public retirement boards, deferred compensation committees, and annuity savings programs are required, by July 1, 2027, to offer self-directed brokerage accounts that include at least one cryptocurrency investment option. These accounts will give plan participants the ability to select cryptocurrency investments in accordance with the boards' established investment guidelines, track account valuations, and pay administrative fees associated with digital asset holdings."

"The legislation defines cryptocurrency as a virtual currency that is not issued by a central authority, functions as a medium of exchange, and relies on encryption technology to regulate issuance, verify transfers, and prevent counterfeiting."

"Indiana joins other states that have authorized public funds to gain exposure to digital assets. This trend has accelerated following President Donald Trump's directive to create a U.S. Bitcoin Strategic Reserve, encouraging states and public entities to consider bitcoin and digital assets as part of their long-term investment strategies."

Indiana lawmakers approved HB 1042, legislation permitting public retirement boards, deferred compensation committees, and annuity savings programs to invest in bitcoin, cryptocurrency, and crypto-linked ETFs. Governor Mike Braun is expected to sign the bill into law. By July 1, 2027, these plans must offer self-directed brokerage accounts with at least one cryptocurrency investment option. Participants can select crypto investments within established guidelines, track valuations, and manage administrative fees. The law defines cryptocurrency as virtual currency not issued by central authorities that functions as a medium of exchange using encryption technology. Indiana joins other states authorizing public fund exposure to digital assets, a trend accelerated by President Trump's directive to establish a U.S. Bitcoin Strategic Reserve.

Read at Bitcoin Magazine