Indiana Allows Cryptocurrency Investments in Public Pensions

Governor Signs the Bill

On March 3, Governor Mike Braun of Indiana signed into law HEA 1042 (Regulation and Investment of Cryptocurrencies), permitting investments in cryptocurrencies within state-managed retirement and savings plans.

Under the new law, various public plans such as the state public employees' retirement fund, teachers' retirement fund, and legislators' defined contribution pension plan must establish self-directed accounts by July 1, 2027, and offer at least one type of...