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Provides that the following shall offer, as a regular investment program, a self directed brokerage account that offers at least one cryptocurrency investment option: (1) The legislators' defined contribution plan. (2) The Hoosier START plan. (3) Specified public employees' retirement fund plans and accounts. (4) Specified teachers' retirement fund plans and accounts (including the teachers' pre-1996 account). Prohibits a public agency, other than the department of financial institutions, or a county, municipality, or township from adopting or enforcing a rule, ordinance, or other regulation that does any of the following: (1) Prohibits, restricts, or impairs an individual's ability to: (A) accept digital assets as a method of payment for legal goods and services; or (B) take custody of digital assets using specified technologies. (2) Imposes taxes or fees on: (A) use or acceptance of digital assets as a method of payment for legal goods and services; or (B) taking or maintaining custody of digital assets using a self-hosted wallet or hardware wallet; that are not applicable to comparable financial transactions that do not involve digital assets. (3) Prohibits, restricts, or impairs the ability of an individual or business to engage in specified activities pertaining to blockchains. Prohibits a public agency, other than the department of financial institutions, from adopting or enforcing a rule, ordinance, or other regulation that prohibits operation of a digital mining business. Prohibits a county, municipality, or township from adopting or enforcing a rule, ordinance, or other regulation that does any of the following: (1) Prohibits a digital asset mining business from operating in an area zoned for industrial use, or subjects a digital asset mining business located in an area zoned for industrial use to noise restrictions that are not applicable to other businesses operating in an area zoned for industrial use. (2) Prohibits private digital asset mining in a private residence located in an area that is zoned for residential use, or subjects private digital asset mining in a residence located in an area zoned for residential use to noise restrictions that do not apply to other residences in an area zoned for residential use. Provides that development or use of software for noncustodial transfer of digital assets does not constitute money transmission for purposes of statutes regarding licensure of money transmitters. Provides that a court may compel a person to disclose a digital asset private key only if no other admissible information is sufficient to provide access to the digital asset.
Introduced
Dec 2, 2025
Last Action
Mar 3, 2026
Session
IN 2026
Sponsors
3 primary · 3 co
Public Law 49
Signed by the Governor
Signed by the President of the Senate
Signed by the President Pro Tempore
House concurred with Senate amendments; Roll Call 370: yeas 59, nays 33
Signed by the Speaker
Motion to concur filed
Returned to the House with amendments
Third reading: passed; Roll Call 198: yeas 35, nays 10
Second reading: ordered engrossed
Committee report: amend do pass, adopted
First reading: referred to Committee on Insurance and Financial Institutions
Referred to the Senate
Senate sponsors: Senators Walker K, Baldwin
Third reading: passed; Roll Call 66: yeas 53, nays 42
Amendment #4 (Pierce K) prevailed; voice vote
Amendment #1 (DeLaney) failed; voice vote
Amendment #2 (DeLaney) failed; voice vote
Second reading: amended, ordered engrossed
Committee report: amend do pass, adopted
First reading: referred to Committee on Financial Institutions
Authored by Representative Pierce K
Coauthored by Representatives Teshka, Judy, VanNatter
HB 1042 was introduced on Dec 2, 2025 by Kyle Walker in IN session 2026. It is currently dead. Most recent action on Mar 3, 2026: Public Law 49.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Public Law 49