Indiana lawmakers pass crypto rights bill banning discriminatory taxes

Indiana’s HB 1042 cleared both chambers and heads to Governor Mike Braun, limiting crypto-specific taxes and opening the door to crypto options for retirement accounts.

Indiana lawmakers sent a bill to Governor Mike Braun that would expand legal protections for cryptocurrency users and require certain state retirement and savings plans to offer a self-directed brokerage option with at least one crypto investment choice.

House Bill 1042 (HB1042) for the “regulation and investment of cryptocurrency” cleared the legislature on Wednesday, with 59 lawmakers voting in favor and 33 against, according to data from Legiscan.

The bill seeks to protect Bitcoin (BTC) and cryptocurrency investor rights, ban discriminatory crypto taxes and open the door for digital asset holdings in state retirement plans.

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