House Bill

HB 1042

Regulation and investment of cryptocurrency.

In plain English

Requires certain public retirement and savings plans, including the legislators' plan and the Hoosier START plan, to offer a self-directed brokerage account with at least one cryptocurrency option. Bars state agencies and local governments from restricting the use, custody, or mining of digital assets in specified ways, and makes other changes.

Written by AI from the official digest below, and checked only by automated rules. If they differ, the official digest and bill text control.

Official digest

Provides that the following shall offer, as a regular investment program, a self directed brokerage account that offers at least one cryptocurrency investment option: (1) The legislators' defined contribution plan. (2) The Hoosier START plan. (3) Specified public employees' retirement fund plans and accounts. (4) Specified teachers' retirement fund plans and accounts (including the teachers' pre-1996 account). Prohibits a public agency, other than the department of financial institutions, or a county, municipality, or township from adopting or enforcing a rule, ordinance, or other regulation that does any of the following: (1) Prohibits, restricts, or impairs an individual's ability to: (A) accept digital assets as a method of payment for legal goods and services; or (B) take custody of digital assets using specified technologies. (2) Imposes taxes or fees on: (A) use or acceptance of digital assets as a method of payment for legal goods and services; or (B) taking or maintaining custody of digital assets using a self-hosted wallet or hardware wallet; that are not applicable to comparable financial transactions that do not involve digital assets. (3) Prohibits, restricts, or impairs the ability of an individual or business to engage in specified activities pertaining to blockchains. Prohibits a public agency, other than the department of financial institutions, from adopting or enforcing a rule, ordinance, or other regulation that prohibits operation of a digital mining business. Prohibits a county, municipality, or township from adopting or enforcing a rule, ordinance, or other regulation that does any of the following: (1) Prohibits a digital asset mining business from operating in an area zoned for industrial use, or subjects a digital asset mining business located in an area zoned for industrial use to noise restrictions that are not applicable to other businesses operating in an area zoned for industrial use. (2) Prohibits private digital asset mining in a private residence located in an area that is zoned for residential use, or subjects private digital asset mining in a residence located in an area zoned for residential use to noise restrictions that do not apply to other residences in an area zoned for residential use. Provides that development or use of software for noncustodial transfer of digital assets does not constitute money transmission for purposes of statutes regarding licensure of money transmitters. Provides that a court may compel a person to disclose a digital asset private key only if no other admissible information is sufficient to provide access to the digital asset.

Latest action: Public Law 49, March 3, 2026Full text and history at iga.in.gov

Authors and sponsors

Kyle Pierce, Kyle Walker, Scott Baldwin

Co-authors and co-sponsors: Jake Teshka, Chris Judy, Heath VanNatter

Roll-call votes

3 recorded votes, oldest first. Third-reading votes decide whether a bill passes a chamber; amendment votes and procedural motions are listed too.

House · Jan 22, 2026

Third reading: vote to pass

Roll call text: HB 1042 - Pierce K - 3rd Reading

Passed

53 yes42 no5 did not vote

Republicans: 53 yes, 12 no, 4 did not voteDemocrats: 0 yes, 29 no, 1 did not voteIndependents: 0 yes, 1 no

How each member voted

Yes (53)

No (42)

Did not vote (5)

Senate · Feb 19, 2026

Third reading: vote to pass

Roll call text: HB 1042 - Walker K - 3rd Reading

Passed

35 yes10 no5 did not vote

Republicans: 33 yes, 3 no, 4 did not voteDemocrats: 2 yes, 7 no, 1 did not vote

How each member voted

House · Feb 25, 2026

Final vote: concurrence or conference report

Roll call text: HB 1042 - Pierce K

Passed

59 yes33 no8 did not vote

Republicans: 59 yes, 6 no, 4 did not voteDemocrats: 0 yes, 26 no, 4 did not voteIndependents: 0 yes, 1 no

How each member voted

Yes (59)

No (33)

Did not vote (8)

Source: Open States, compiled from the Indiana General Assembly's official roll calls. The official record at iga.in.gov controls. Spot an error? Let us know.