Legislation Aims to Increase Digital Exposure in Savings and Prevent Local Limitations
An Indiana lawmaker has introduced legislation that would increase access to digital exposures for savers in the Midwestern state. In addition, the lawmaker also wants local governments to be prevented from establishing rules that could limit the growth and use of digital assets in the state.
The proposal, submitted by Rep. Kyle Pierce (R), would mandate retirement and savings programs used by public servants to make exchange-traded funds offering cryptocurrency exposure available as an investment option.
According to the description of House Bill 2014, it would also restrict the ability of local governments to adopt regulations that would unreasonably stifle the use of digital assets in payments, mining, or the ability for individuals to choose crypto self-custody.
Indiana Lawmaker Submits Bill to Include Bitcoin in Pensions
The bill was introduced and submitted before Indiana’s House Financial Institutions Committee. In the middle of redistricting discussions, the 2026 Indiana Legislative Session began on Monday, rather than in January.
Pierce, who punched his ticket to the Indian General Assembly in 2022, mentioned in a statement that Indiana should be ready to engage in a smart and responsible way.
He also added that the bill will provide Hoosiers with more investment choices while establishing the right guardrails. The version of the bill introduced this week includes language requiring the statement to look into how digital assets could be used by the government while leaving room for pilot programs.
While legislation would prevent local governments from kicking out miners from areas zoned for industrial use, it would also protect mining in private residences located in the area.
The initiative from Indiana is different from bills submitted by other states that allow governments to make allocations to digital assets on their behalf.
Examples of such bills are the one that was passed in New Hampshire. In the bill signed back in May, Governor Kelly Ayotte signed off on the state creating its Bitcoin reserve. “New Hampshire is once again first in the nation!” Ayotte wrote on X at the time. “Just signed a new law allowing our state to invest in cryptocurrency and precious metals.”
States Continue to Move Forward with Crypto-Related Bills
Other crypto-related bills that have been introduced in the United States have sought to tax transactions to fund public health measures. An example is the one that was introduced by New York lawmaker Phil Steck. The bill, Bill A0966, will see New York impose a 0.2% excise tax on crypto transactions, using the proceeds to help schools combat substance abuse in upstate New York, where an opioid epidemic has severely impacted communities for years.
Steck mentioned at the time that they could generate an estimated $158 million in annual revenue from crypto investors who are driven by the single motive of making profits. “The funding shall be used to expand the substance abuse prevention and intervention program to schools in upstate New York,” a separate description of the bill states.
Meanwhile, Wyoming also announced its crypto initiatives to assist schools. The state plans to use funds generated by the reserves of its stablecoin to improve its education fund.
In addition, state lawmakers have also been proposing various bills that look like the strategic reserve for Bitcoin that was announced by United States President Donald Trump. The president signed an executive order, announcing that a digital asset stockpile will be created.
The development was announced by White House AI and Crypto Czar David Sacks, who claimed that the initiative would not cost taxpayers, noting that it would be created with Bitcoin forfeited through seizures.