# Indiana HB 1042: Regulation and investment of cryptocurrency.

Indiana HB 1042, Regulation and investment of cryptocurrency., is a Second Regular Session 124th General Assembly (2026) House bill sponsored by Kyle Pierce (Republican); status signed, last action 2026-03-03 (Public Law 49); PRIA reads it as touching household money (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IN-HB1042-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana HB 1042
- State: Indiana
- Session: Second Regular Session 124th General Assembly (2026)
- Title: Regulation and investment of cryptocurrency.
- Status: signed
- Chamber: House
- Introduced: 2025-12-02
- Last action: 2026-03-03, Public Law 49
- Sponsor: Kyle Pierce (Republican)
- Cosponsors: 5
- Subjects: financial institutions, the senate, insurance and financial institutions
- Touches household money: yes
- Roll calls: 3 (147 yes, 85 no in all)
- Economic provisions PRIA read: 7

## Summary

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.

## Bill overview: provisions PRIA read

- Crypto owners gain private-key court protections: benefit, low. Beginning July 1, 2026, Indiana courts face limits on requiring disclosure of digital-asset private keys. A court can require disclosure only when no other admissible information is sufficient to provide access to the asset.
- Residents gain protection for home mining: benefit, low. Beginning July 1, 2026, local governments cannot ban private digital-asset mining in homes zoned for residential use. They also cannot impose mining noise limits that do not apply to other residences in residential zones. Noise limits that apply equally to other residences remain allowed.
- Crypto users protected from special taxes: benefit, low. Beginning July 1, 2026, local governments and most Indiana public agencies cannot impose special digital-asset taxes or fees. This covers payments for legal goods and services and custody through self-hosted or hardware wallets. Charges remain allowed when they also apply to comparable financial tr…
- Fewer government limits on crypto use: benefit, low. Beginning July 1, 2026, local governments cannot restrict digital-asset payments for legal goods and services. They also cannot restrict holding assets in self-hosted or hardware wallets. These protections also cover running blockchain nodes, writing blockchain software, transferring digital assets…
- Mining businesses gain protection from bans: benefit, low. Beginning July 1, 2026, most Indiana public agencies cannot ban businesses that meet the law's digital-asset mining definition. The Department of Financial Institutions is exempt, and location-based zoning enforcement remains allowed under state zoning law. Local governments cannot ban mining busin…
- Transfer software avoids money transmission rules: benefit, low. Beginning July 1, 2026, developing or using qualifying noncustodial digital-asset transfer software is excluded from Indiana's definition of money transmission. This covers software for transferring assets without taking custody of them. Developers and users are outside the state's money-transmissi…
- Public workers gain crypto choices with fees: mixed, low. Covered Indiana public retirement and deferred-compensation plans must offer a self-directed brokerage account by July 1, 2027. The account must include at least one cryptocurrency investment option. Payment stablecoins do not count as cryptocurrency for this requirement. Plan boards can set invest…

## Sponsors and cosponsors

- Sponsor: Kyle Pierce (Republican), House
- Cosponsor: Chris Judy (Republican), House
- Cosponsor: Heath VanNatter (Republican), House
- Cosponsor: Jake Teshka (Republican), House
- Cosponsor: Kyle Walker (Republican), Senate
- Cosponsor: Scott Baldwin (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-02-25 | House | House concurred with Senate amendments | pass | 59 | 33 |   |
| 2026-02-19 | Senate | Third reading: passed | pass | 35 | 10 |   |
| 2026-01-22 | House | Third reading: passed | pass | 53 | 42 |   |

## Actions (23)

- 2026-03-03: Public Law 49 (House)
- 2026-03-03: Signed by the Governor (House)
- 2026-02-27: Signed by the President of the Senate (Senate)
- 2026-02-26: Signed by the President Pro Tempore (Senate)
- 2026-02-25: House concurred with Senate amendments; Roll Call 370: yeas 59, nays 33 (House)
- 2026-02-25: Signed by the Speaker (House)
- 2026-02-24: Motion to concur filed (House)
- 2026-02-20: Returned to the House with amendments (Senate)
- 2026-02-19: Third reading: passed; Roll Call 198: yeas 35, nays 10 (Senate)
- 2026-02-16: Second reading: ordered engrossed (Senate)
- 2026-02-12: Committee report: amend do pass, adopted (Senate)
- 2026-01-26: First reading: referred to Committee on Insurance and Financial Institutions (Senate)
- 2026-01-23: Referred to the Senate (House)
- 2026-01-22: Senate sponsors: Senators Walker K, Baldwin (House)
- 2026-01-22: Third reading: passed; Roll Call 66: yeas 53, nays 42 (House)
- 2026-01-20: Second reading: amended, ordered engrossed (House)
- 2026-01-20: Amendment #4 (Pierce K) prevailed; voice vote (House)
- 2026-01-20: Amendment #2 (DeLaney) failed; voice vote (House)
- 2026-01-20: Amendment #1 (DeLaney) failed; voice vote (House)
- 2026-01-14: Committee report: amend do pass, adopted (House)
- 2025-12-02: Authored by Representative Pierce K (House)
- 2025-12-02: Coauthored by Representatives Teshka, Judy, VanNatter (House)
- 2025-12-02: First reading: referred to Committee on Financial Institutions (House)

## Bill text

- Engrossed House Bill (S): [PDF](https://api.iga.in.gov/2026/bills/HB1042/versions/HB1042.03.ENGH?format=pdf)
- Enrolled House Bill (H): [PDF](https://api.iga.in.gov/2026/bills/HB1042/versions/HB1042.05.ENRS?format=pdf)
- House Bill (H): [PDF](https://api.iga.in.gov/2026/bills/HB1042/versions/HB1042.02.COMH?format=pdf), [PDF](https://api.iga.in.gov/2026/bills/HB1042/versions/HB1042.04.COMS?format=pdf)
- Introduced House Bill (H): [PDF](https://api.iga.in.gov/2026/bills/HB1042/versions/HB1042.01.INTR?format=pdf)

## Related bills

- HB 1277: Health and human services matters. (signed)
- HB 1266: Department of education and education matters. (signed)
- HB 1210: Department of local government finance. (signed)
- HB 1249: Various criminal law matters. (signed)
- HB 1200: Bureau of motor vehicles. (signed)
- HB 1115: Homeowners association governance. (signed)

## Sources
- [Engrossed House Bill (S) (PDF)](https://api.iga.in.gov/2026/bills/HB1042/versions/HB1042.03.ENGH?format=pdf)
- [Enrolled House Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/HB1042/versions/HB1042.05.ENRS?format=pdf)
- [House Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/HB1042/versions/HB1042.02.COMH?format=pdf)
- [House Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/HB1042/versions/HB1042.04.COMS?format=pdf)
- [Introduced House Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/HB1042/versions/HB1042.01.INTR?format=pdf)

## Related
- [HB 1277: Health and human services matters.](https://policyrisk.com/state-bill/IN-HB1277-2026)
- [HB 1266: Department of education and education matters.](https://policyrisk.com/state-bill/IN-HB1266-2026)
- [HB 1210: Department of local government finance.](https://policyrisk.com/state-bill/IN-HB1210-2026)
- [HB 1249: Various criminal law matters.](https://policyrisk.com/state-bill/IN-HB1249-2026)
- [HB 1200: Bureau of motor vehicles.](https://policyrisk.com/state-bill/IN-HB1200-2026)
- [HB 1115: Homeowners association governance.](https://policyrisk.com/state-bill/IN-HB1115-2026)
- [Indiana bills](https://policyrisk.com/states/indiana/bills)
- [Indiana state hub](https://policyrisk.com/states/indiana)
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Source: PRIA, https://policyrisk.com/state-bill/IN-HB1042-2026 (as of 2026-11-01).