- Indiana’s bill requires state-managed retirement funds to offer cryptocurrency exposure through ETFs
- The bill limits local governments’ ability to restrict cryptocurrency use, mining, and payments.
- The legislation aims to foster a controlled environment for crypto innovation and participation in Indiana.
An Indiana lawmaker has introduced a bill that could expand access to Bitcoin and other digital assets for public servants in the state. The bill, proposed by Rep. Kyle Pierce (R), would require state-managed retirement funds to offer cryptocurrency exposure through exchange-traded funds (ETFs). Furthermore, the legislation seeks to protect the use of cryptocurrencies by limiting local governments’ authority to impose restrictive rules.
State-Managed Retirement Funds to Include Cryptocurrency
The legislation, called “House Bill 2014,” mandates that state-managed retirement programs provide citizens with access to cryptocurrency investments. This includes options for exchange-traded funds (ETFs) that expose savers to digital assets.
According to Rep. Pierce, the bill will give Hoosiers more investment choices while maintaining protections for the broader economy. Pierce emphasized that the bill aims to allow Indiana residents to make informed investment choices. “Indiana should be ready to engage in a smart, responsible way,” he said.
By offering more diversified investment options, the bill aims to keep Indiana competitive in an evolving financial space. The bill also mandates the state to evaluate how digital assets could be used by the government, with room for future pilot programs. Local governments would be restricted from prohibiting cryptocurrency in public services or limiting its role in local economies.
Protecting Cryptocurrency Use from Local Government Restrictions
The bill is asking for restrictions on local authorities regarding the use of cryptocurrencies. These guidelines prohibit local governments from imposing unreasonable restrictions on crypto operations, such as payments, mining, or custody. Pierce stated that municipal authorities would not have the opportunity to disrupt the process of crypto mining, particularly in areas zoned for industrial use.
The law guarantees the privacy of the residents engaged in cryptocurrency mining within the residential zones. This clause gives permission to people to perform crypto mining at their residences, as long as the locality is designated for residential use.
The legislation sponsored by Rep. Pierce strikes a balance between crypto innovation and the necessity of responsible governance. The customers in the area would be slowly introduced to the power of digital currencies without the threat of their rights being violated. If it passes, the statute may become a reference for other states thinking about enacting similar laws.
No Local Restrictions on Cryptocurrency Mining or Payments
Pierce’s proposal not only prevents but also prohibits any local government from adopting regulations that would limit the use of cryptocurrencies for mining or payment. The purpose is to keep the state open to the diverse and ever-changing cryptocurrency business, which will allow not only the companies but also the individuals to interact with the digital currencies without any restrictions.
Moreover, local authorities would not be allowed to impose laws that would make it harder for people to mine or use digital assets. The law was introduced to the House Financial Institutions Committee within the scope of the 2026 legislative session. Like other states, Indiana is also exploring the incorporation of cryptocurrency into the public financial system.
The bill made Indiana stand out as it offered a haven for the people to engage with cryptocurrencies in a secure and regulated way. It is believed that the law will gradually change the state’s mindset towards cryptocurrencies and would thus encourage more residents to engage with the digital economy.
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