The Indiana state legislature has authorized public retirement and savings plans to gain exposure to digital assets and spot exchange-traded funds (ETFs), while confirming residents’ access to crypto investments.
Governor Mike Braun is expected to sign HB 1042 into law within the next 10 days.
Indiana joins at least seven other states, including Wyoming, Wisconsin, Michigan and Arizona, that have moved to integrate crypto-related products into public investment frameworks.
Nearly half of U.S. state governments are on track to invest some of their money in crypto or have already done so, with much of this trend growing since President Donald Trump ordered his administration to establish a strategic Bitcoin reserve.
In total, 21 states are investing or evaluating investments in digital assets, primarily Bitcoin. and in some cases, dollar-pegged stablecoins, according to CoinDesk analysis. States such as Arizona, Tennessee, Oklahoma and Nebraska have signed legislation opening some state funds to cryptocurrency purchases, in line with Trump’s pledge to make the United States the “crypto capital of the world.”
The Indiana Legislature on Tuesday passed another crypto-related measure banning the operation of virtual currency kiosks, commonly known as crypto ATMs, statewide. Violations would be subject to sanctions by the state attorney general under deceptive consumer sales laws.
The bill follows warnings from state and local law enforcement about increasing crypto ATM fraud. In Evansville, Indiana, officials reported that in 2025, residents lost approximately $400,000 to kiosk scams.
The Massachusetts state attorney general has filed a lawsuit against ATM operator Bitcoin Depot, alleging that it allowed criminals to use its machines to scam users. The FBI estimated that in the first half of 2025, Americans lost $240 million to cryptocurrency ATM fraud and that it received nearly 11,000 ATM fraud complaints in 2024, a 99% increase from the previous year.
