Indiana Lawmakers Advance Crypto Pension Investments and ATM Restrictions
Indiana lawmakers are poised to integrate cryptocurrency into public pension investments while imposing new restrictions on crypto ATM operations. The proposal, having cleared a key legislative hurdle, now moves to the Senate for further consideration. Senate committees heard testimony on multiple House digital currency bills this week, though votes were delayed to align with upcoming consumer lending law updates.
The legislation WOULD permit self-directed brokerage accounts with crypto options for certain public pension participants. Defined contribution plan members could access these new investment avenues, though defined benefit plans remain under state control. Notably, the bill also shields crypto activities from excessive government interference, barring state agencies from banning mining operations or seizing digital wallets.
