Indiana House Bill 1042 passes both chambers, allowing public investment funds to invest in cryptocurrency ETFs

Techub News reports that Indiana's HB 1042 bill has passed both chambers and will be submitted to the governor for signing. The bill allows public investment funds to venture into the digital currency sector, including investing in crypto ETFs. The bill defines "cryptocurrency" as a virtual currency not issued by a central authority, which uses cryptographic techniques to verify the generation of units and prevent counterfeiting. It covers 529 education savings plans, retirement funds for teachers, public employees, and legislators, as well as other state investment funds. The bill will take effect on July 1, 2026.