US EditionLawmakers Want Indiana to Become a Crypto Leader. That May Start with Retirement Funds
House Bill 1042 proposes allowing Indiana public funds to invest in cryptocurrency ETFs while limiting local crypto regulations to support industry growth, lawmakers say.
- On Dec. 4, the House Financial Institutions Committee heard House Bill 1042, which would allow state investment funds to place assets in crypto exchange-traded funds; the committee postponed a vote until January, Tony Green of the Indiana Public Retirement System said.
- Indiana lawmakers aim to make the state a crypto leader to capture economic gains, with supporters arguing the bill shields businesses from sudden regulatory changes, welcomed by Ilya Rekhter and the founder of Megawatt.
- The bill forbids public agencies and local governments from banning digital asset payments or denying crypto mining facilities in industrial zones, and confines public exposure to crypto through ETFs amid SEC and IPRS warnings about market volatility.
- Public savers and retirees would gain crypto ETF options in the 529 education savings plan and retirement funds for teachers, public employees and lawmakers, while the Securities and Exchange Commission warned of volatility risks.
- Supporters now include President Donald Trump and national financial institutions, and Kyle Pierce said crypto policy will remain a mainstay for years after a Dec. 4 House Financial Institutions Committee hearing.
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Indiana Bill Proposes Crypto ETFs for State Retirement Plans
The post Indiana Bill Proposes Crypto ETFs for State Retirement Plans appeared on BitcoinEthereumNews.com. Key Points: Indiana introduces HB 1042, expanding crypto ETF options for state plans. Could reshape Indiana’s retirement investments landscape. Community awaits potential market adjustments. On December 6, an Indiana lawmaker introduced House Bill 1042, proposing to expand cryptocurrency investment options for state retirement plans while c…
Bitcoin Eyes Fresh Demand as Indiana Advances Bill for Crypto Investments
Indiana is on the brink of becoming one of the most crypto-friendly states in the U. S., after making a move that could Bitcoin investors. The House Bill 1042 introduced by Indiana legislators would allow state-managed funds to invest in Bitcoin and other crypto-based ETFs. Indiana Boosts Cryptocurrency Access Through ETFs According to an IndyStar The post Bitcoin Eyes Fresh Demand as Indiana Advances Bill for Crypto Investments appeared first o…
Indiana Champions Bold Bill To Make State A Crypto Leader
Indiana lawmakers are taking a bold step toward embracing bitcoin. A new proposal would let the state invest in digital assets like Bitcoin through regulated funds while blocking local governments from restricting crypto companies. The measure, House Bill 1042, reflects growing political and financial interest in crypto. Digital assets once seen as fringe now have backing from top U.S. leaders, including President Donald Trump, and major financi…
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