TechFlow news, December 21 — According to Decrypt, Indiana State Representative Kyle Pierce stated that while Bitcoin is the first crypto asset, legislation should not benefit only BTC. The crypto bill he introduced this month deliberately maintains broad language and sets no market capitalization threshold, avoiding "picking winners and losers" in legislation. Pierce emphasized the goal is to promote the entire crypto market rather than locking in Bitcoin, Ethereum, or Tether. Unlike states such as New Hampshire, the bill does not impose a $500 billion market cap requirement. Pierce noted that newly issued tokens are unsuitable for public employee retirement investments and adjustments will be made during future hearings.
The bill also includes protections for miners, prohibiting state government from taking targeted adverse actions against mining activities.
Previous report, an Indiana legislator proposed a bill supporting Bitcoin inclusion in pensions and protecting crypto payment rights.
