Indiana Bill Allowing Public Funds to Invest in Crypto ETFs Awaits Governor's Approval

Indiana's HB 1042 bill has passed both legislative chambers and is now awaiting the governor's signature. According to Foresight News, the bill, introduced by State Representative Kyle Pierce, permits public investment funds to engage in the digital currency sector by investing in cryptocurrency ETFs. To offer such options, states must establish investment programs, including 529 education savings plans and specific retirement funds for teachers, public employees, and legislators. Additionally, the bill allows investment funds from other states to allocate assets into crypto ETFs.