TechFlow News: On February 26, according to The Block, the Indiana legislature advanced a cryptocurrency bill that has already passed both chambers and now awaits only the governor’s final signature. House Bill 1042 (HB 1042), introduced by Representative Kyle Pierce, requires certain state-administered retirement and savings plans to offer participants self-directed brokerage accounts containing at least one cryptocurrency investment option. The bill also prohibits public entities—except those within the financial institutions sector—from restricting individuals’ use of digital assets, including prohibiting the acceptance of cryptocurrency as legal tender for goods and services or restricting individuals’ use of self-custodied or hardware wallets to hold assets. Additionally, the bill bans the state government from imposing special taxes on cryptocurrency-related activities. If signed into law by Governor Mike Braun, the bill will take effect on July 1, 2026.
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