Indiana lawmakers have passed two crypto-related measures, including one that would allow public retirement and savings plans to gain exposure to digital assets and spot exchange-traded funds.
Gov. Mike Braun is expected to sign HB 1042 within the next 10 days.
What HB 1042 does
The bill authorizes public funds to access digital-asset exposure through investment products such as spot ETFs.
Indiana’s move places it alongside other states that have opened public investment frameworks to crypto-linked products.
States weighing bitcoin exposure
CoinDesk reported that 21 states are investing in or evaluating investments in digital assets, primarily bitcoin.
Indiana was cited alongside states including Wyoming, Wisconsin, Michigan and Arizona.
Separate bill targets crypto ATMs
In a separate measure, the Indiana legislature passed a bill banning virtual currency kiosks, commonly known as crypto ATMs, across the state.
Violations would be enforced by the state attorney general under deceptive consumer sales laws.
Fraud figures cited by authorities
The bill followed warnings from law enforcement about rising fraud tied to crypto ATMs.
Authorities in Evansville, Indiana, reported that residents lost approximately $400,000 in scams connected to the kiosks in 2025.
The FBI has estimated that Americans lost $240 million to crypto ATM fraud in the first half of 2025.
It also said it received nearly 11,000 crypto ATM fraud complaints in 2024, a 99% increase from the previous year.
