STATEHOUSE (Dec. 4, 2025) – State Rep. Kyle Pierce (R-Anderson) introduced legislation during a House Financial Institutions Committee meeting to expand cryptocurrency investment availability within several state retirement programs and strengthen Indiana's role in emerging digital asset technology.
House Bill 1042 would require administrators of several public retirement and savings programs to offer cryptocurrency exchange-traded funds as regular investment options. The bill would also permit certain state pension funds to invest assets in cryptocurrency ETFs and authorize the treasurer of state to invest assets of designated funds in stablecoin ETFs.
"Digital assets are quickly becoming part of everyday finances, and Indiana should be ready to engage in a smart, responsible way," Pierce said. "This bill gives Hoosiers more investment choices while establishing guardrails and helping us explore how blockchain and digital asset technology can benefit communities across our state."
Pierce said the legislation includes provisions that would prevent local governments from adopting rules that unreasonably restrict digital asset payments, custody or mining when comparable traditional financial activities are permitted. Additionally, the bill states that private digital asset keys would only be compelled by a court if no other admissible information can provide access.
For more information, or to watch committee meetings live, visit iga.in.gov.
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State Rep. Kyle Pierce (R-Anderson) represents House District 36,
which includes a portion of Madison County.
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