Indiana lawmakers approved a bill allowing public retirement and savings plans to invest in digital assets and spot crypto ETFs, with Gov. Mike Braun expected to sign it soon.

The move places Indiana among at least 21 states that are investing in or evaluating bitcoin and other digital assets for public funds, in line with the President of the US push to expand crypto holdings in the country.

In a separate measure, Indiana legislators voted to ban crypto ATMs statewide after law enforcement reported rising fraud, including about $400,000 in related scams in Evansville in 2025.

The Indiana state legislature authorized public retirement and savings plans to gain exposure to digital assets and spot exchange-traded funds (ETFs), while affirming residents’ access to crypto investments.

Governor Mike Braun is expected to sign HB 1042 into law within the next 10 days.

Indiana joins at least seven other states, including Wyoming, Wisconsin, Michigan and Arizona, that have moved to integrate crypto-linked products into public investment frameworks.

Almost half of the state governments in the U.S. are either on a path toward putting some of their money into crypto or already have, with much of this trend developing since President Donald Trump directed his administration to establish a Bitcoin Strategic Reserve.

A total of 21 states are investing or evaluating investments in digital assets, primarily bitcoin BTC$66,269.14, and in some cases dollar-pegged stablecoins, according to CoinDesk analysis. States such as Arizona, Tennessee, Oklahoma and Nebraska have signed legislation opening certain public funds to cryptocurrency purchases, aligning with Trump’s pledge to make the U.S. the “crypto capital of the world.”

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