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Indiana's Cryptocurrency Rights Bill Passes Both Chambers and Awaits the Governor's Signature to Take Effect
Svmuu News: The Indiana House of Representatives and Senate have passed the "Cryptocurrency Regulation and Investment Act" (HB 1042), and the bill has now been sent to the governor for his signature. The bill requires certain state-administered retirement and savings plans to offer self-directed brokerage accounts that include at least one cryptocurrency investment option. This applies to the Legislators’ Defined Contribution Retirement Plan, the Hoosier START College Savings Plan, and plans associated with the Public Employees and Teachers Retirement Fund. Additionally, the bill stipulates that public entities other than the financial institutions department may not restrict individuals from accepting cryptocurrency payments or holding self-custodial or hardware wallet assets; it also prohibits the imposition of special taxes on cryptocurrency activities that differ from those applied to other financial transactions. If signed into law by the governor, the relevant provisions will take effect on July 1, 2026. (The Block)
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