Overview
- HB1042 was introduced and received an early hearing in the House Financial Institutions Committee this week.
- The measure would require the 529 plan, Hoosier START, and major teacher, public employee, and legislator retirement programs to offer at least one crypto ETF option.
- Direct token purchases would remain off-limits, with exposure limited to federally regulated ETFs and authority for the state treasurer to use stablecoin ETFs in designated funds.
- The bill would preempt local restrictions on lawful digital-asset use, mining, or self-custody and treat private keys as privileged information.
- It would create a Blockchain and Digital Assets Task Force to study uses and pilots, as pension officials signal neutrality and call for clear volatility warnings.