Indiana has passed House Enrolled Act 1042, giving cryptocurrency an official legal definition. The law describes crypto as a digital asset that works without central control and uses encryption to create units and verify transfers. Payment stablecoins are not included. The measure also requires the state retirement board to offer at least one crypto investment option through a self-directed brokerage account by July 1, 2027. Officials say the step is meant to update financial rules and give investors more choice as interest in digital assets continues to grow.
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