Indiana Establishes Digital Asset Framework and Requires Cryptocurrency Options in Public Retirement Plans
Core Event: On March 3, 2026, Indiana Governor Mike Braun signed House Enrolled Act 1042 (HEA 1042) into law, establishing a comprehensive digital asset framework and mandating cryptocurrency investment options in select state-administered public retirement plans by July 1, 2027.[2][3][4][5][7] The law requires self-directed brokerage accounts with at least one cryptocurrency option (excluding payment stablecoins) in plans like Hoosier START (457(b)/401(a) deferred compensation), legislators’ defined contribution plan, and specified public employees’/teachers’ funds; boards set guidelines, valuations, and fees.[3][4][5][6][7] It also prohibits most state/local agencies (except Indiana Department of Financial Institutions) from restricting digital asset use as payment, self-custody in wallets, blockchain activities (e.g., nodes, staking, mining), or imposing unequal taxes/fees, while clarifying noncustodial software use isn't money transmission.[1][2][3][7]