Indiana Lawmaker Pushes for Bitcoin in Pensions, Crypto Payment Protections

In brief

  • An Indiana lawmaker proposed a bill that centers on cryptocurrency.
  • State-managed retirement funds would be required to offer exposure.
  • The government wouldn’t be able to infringe on crypto’s use in payments.

A lawmaker in Indiana introduced legislation on Thursday that would broaden access to digital asset exposure for savers in the Midwestern state, while also preventing local governments from establishing rules that could limit cryptocurrencies’ use.

The initiative, proposed by Rep. Kyle Pierce (R), would require retirement and savings programs used by public servants to make exchange-traded funds offering cryptocurrency exposure available as investment options, according to a description of “House Bill 2014.”

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