STATEHOUSE (May 8, 2026) – Gov. Mike Braun recently ceremonially signed into law multiple measures authored by State Rep. Kyle Pierce (R-Anderson) aimed at modernizing Indiana’s financial landscape, embracing emerging technology and improving transparency for Hoosiers.
According to recent reports, approximately 30% of American adults own cryptocurrencies, highlighting the growing importance for clear policy in this space. To position Indiana at the forefront of emerging financial technology, Pierce authored House Enrolled Act 1042, which modernizes retirement investment options by requiring self-directed brokerage accounts within defined contribution plans to offer at least one cryptocurrency investment option. The law strengthens investor protections by aligning eligible digital asset investments with federal definitions while excluding payment stablecoins from retirement portfolios.
House Enrolled Act 1042 also protects Hoosiers’ ability to use digital assets and maintain custody of their own digital wallets without unnecessary government interference. In addition, the measure encourages blockchain innovation in Indiana by protecting digital asset mining and network participation while preserving local zoning authority, ensuring industrial mining operations are treated consistently with other industrial uses while allowing small-scale mining at home.
"Indiana is taking an innovative approach with emerging financial technologies by expanding investment opportunities and maintaining strong consumer protections," said Pierce, vice chair of the House Financial Institutions Committee. "These new laws support local innovation and entrepreneurship in financial technology and ensure Hoosiers can participate in digital asset markets with clarity and confidence."
To learn more about these and other new laws signed by the governor, click here.
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State Rep. Kyle Pierce (R-Anderson) represents House District 36,
which includes a portion of Madison County.
Click here to download a high-resolution photo.
PHOTO CAPTION: State Rep. Kyle Pierce (R-Anderson) (far right) and State Sen. Scott Baldwin (R-Noblesville) (second from left) joined Gov. Mike Braun (center) and local entrepreneurs for a ceremonial signing of House Enrolled Acts 1042 and 1273 on Wednesday, April 22, 2026, at the Indiana Statehouse. The new laws, authored by Pierce, embrace new financial technology while strengthening transparency for Hoosiers.
