Gov. Mike Braun ceremonially signed into law several measures authored by State Rep. Kyle Pierce (R-Anderson) on May 8, focusing on modernizing Indiana’s financial sector and improving transparency for residents.
The new laws are intended to help Indiana keep pace with developments in financial technology as more Americans invest in digital assets such as cryptocurrencies. House Enrolled Act 1042, written by Pierce, updates retirement investment rules by requiring self-directed brokerage accounts within defined contribution plans to offer at least one cryptocurrency investment option. The legislation also ensures that eligible digital asset investments meet federal definitions and specifically excludes payment stablecoins from retirement portfolios.
In addition to broadening investment options, the law protects Hoosiers’ rights to use digital assets and manage their own digital wallets without excessive government oversight. It also encourages blockchain innovation across the state by safeguarding activities like digital asset mining and network participation while allowing local governments to retain zoning authority over industrial operations. Small-scale mining at home is also permitted under the new provisions.
“Indiana is taking an innovative approach with emerging financial technologies by expanding investment opportunities and maintaining strong consumer protections,” said Kyle Pierce, vice chair of the House Financial Institutions Committee. “These new laws support local innovation and entrepreneurship in financial technology and ensure Hoosiers can participate in digital asset markets with clarity and confidence.”
Pierce represents House District 36, which includes a portion of Madison County.
