Crypto: Indiana Lawmakers Pass Crypto Rights Bill Banning Discriminatory Taxes
Indiana’s HB 1042 cleared both chambers and heads to Governor Mike Braun, limiting crypto-specific taxes and opening the door to crypto options for retirement accounts.
Indiana lawmakers sent a bill to Governor Mike Braun that would expand legal protections for cryptocurrency users and require certain state retirement and savings plans to offer a self-directed brokerage option with at least one crypto investment choice.
House Bill 1042 (HB1042) for the “regulation and investment of cryptocurrency” cleared the legislature on Wednesday, with 59 lawmakers voting in favor and 33 against, according to data from Legiscan.
The bill seeks to protect Bitcoin (BTC) and cryptocurrency investor rights, ban discriminatory crypto taxes and open the door for digital asset holdings in state retirement plans.
The bill is headed to Braun for his signature. If signed, most provisions will take effect July 1, while the retirement-plan self-directed brokerage requirement would take effect later.
A handful of US states have already signed crypto investor protection bills, including Oklahoma in November 2024 and Kentucky in March 2025.
Pennsylvania’s House Bill 2481 (HB2481) for crypto investor protection rights passed in October 2024 with strong bipartisan support, but has yet to be signed into law.
Indiana’s cryptocurrency rights bill stands out from the others as the only piece of legislation seeking to offer self-directed brokerage accounts to facilitate crypto retirement plans.
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The bill would allow Indiana citizens to hold Bitcoin and digital assets as part of their retirement plans for the first time.
