Indiana Passes Crypto Investment and ATM Ban Bills, Awaits Governor’s Signature

Indiana’s legislature has passed House Bill 1042, allowing public retirement and savings plans to invest in digital assets and spot crypto ETFs, aligning with a national trend driven by former President Donald Trump's pro-crypto agenda. Governor Mike Braun is expected to sign the bill within 10 days. Indiana now joins at least 21 states investing in or evaluating bitcoin and other digital assets for public funds. In a separate measure, lawmakers voted to ban crypto ATMs statewide after authorities reported about $400,000 in related scams in Evansville in 2025. Violations will be enforced under deceptive consumer sales laws, with law enforcement citing rising fraud connected to these kiosks.

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