Regulation and investment of cryptocurrency.
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 status
signed
all 5 stages cleared
Introduction
Dec 2025
Committee Review
Feb 2026
House Passage
Feb 2026
Senate Passage
Feb 2026
Signed into Law
Mar 2026
Introduced Dec 2, 2025
Signed Mar 3, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
Enrolled House Bill (H)
→
House Bill (H)
·
4 edits
MODERATE
The bill was reformatted from an enrolled act to a standard house bill draft, adding a detailed digest that clarifies the law's intent to regulate cryptocurrency investments in public retirement plans and protect digital asset users from restrictive local rules. The text now explicitly defines 'cryptocurrency' and 'exchange traded fund' to ensure clarity in implementation.
Scope change
The scope of the bill remains focused on cryptocurrency regulation and investment options for public funds, but the added digest provides a clearer, more comprehensive explanation of the specific retirement plans affected and the protections for digital asset mining and custody.
DEFINITION
Added a specific definition for 'exchange traded fund' referencing federal regulations to clarify which investment vehicles are permitted for cryptocurrency holdings.
REQUIREMENT
Added a detailed digest summarizing the bill's requirements for retirement plans to offer cryptocurrency options and the prohibitions on local governments from restricting digital asset activities.
TECHNICAL
Changed the document header from 'Enrolled House Bill' to 'House Bill' and reorganized the text to include a formal digest and updated session information.
Replaced the original Section 6 text with a new Section 6 defining 'cryptocurrency' and renumbered subsequent sections to maintain sequential order.
Floor votes · Senate Feb 19, 2026 · House Jan 22, 2026
How they voted
35–9
Passed · 5 other
Total votes 49
Feb 19, 2026
D
Democratic9
66% Nay
R
Republican40
82% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
23
Key actions
10
Committee
2
Amendments
3
Mar 3, 2026
Signed into law
Signed by the Governor
executive
Feb 27, 2026
Upper · Passed
Signed by the President of the Senate
upper
Feb 26, 2026
Upper · Passed
Signed by the President Pro Tempore
upper
Feb 25, 2026
Lower · Passed
House concurred with Senate amendments; Roll Call 370: yeas 59, nays 33
lower
Feb 25, 2026
Lower · Passed
Signed by the Speaker
lower
Feb 19, 2026
Upper · Passed
Third reading: passed; Roll Call 198: yeas 35, nays 10
upper
Feb 12, 2026
Upper · Passed
Committee report: amend do pass, adopted
upper
Jan 22, 2026
Lower · Passed
Third reading: passed; Roll Call 66: yeas 53, nays 42
lower
Jan 20, 2026
Lower · Passed
Amendment #4 (Pierce K) prevailed; voice vote
lower
Jan 20, 2026
Amended
Amendment #2 (DeLaney) failed; voice vote
lower
Jan 20, 2026
Amended
Amendment #1 (DeLaney) failed; voice vote
lower
Jan 14, 2026
Lower · Passed
Committee report: amend do pass, adopted
lower
3 primary · 3 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 1042
Scope: IN
Hi! I can help you understand HB 1042. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline