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HB 1042: Allows ETFs, protects self-custody, limits direct tokens Indiana’s legislature has passed HB 1042, a bitcoin rights bill that now awaits Governor Braun’s signature, as reported by The Block (https://www.theblock.co/post/391378/indianas-bitcoin-rights-bill?utm_source=openai). The measure defines guardrails for digital asset access while clarifying privacy and property protections. The bill would allow regulated cryptocurrency exchange-traded funds in certain public retirement programs, while constraining direct token exposure, particularly in more conservative plan structures. It codifies self-custody protections and limits compelled disclosure of private keys to narrowly tailored court orders when no other legally admissible method exists, according to Indiana House Republicans (https://www.indianahouserepublicans.com/news/press-releases/state-rep.-pierce-introduces-legislation-to-expand-access-to-cryptocurrency-investment-options/?utm_source=openai). Together, those provisions aim to separate diversified, overseen ETF exposure from direct token risks. Why this matters for pensions and crypto ATM regulation HB 1042 sits at the intersection of retirement policy and consumer protection. For pensions, it could expand choice via regulated ETFs without forcing direct token custody into public plans. For retail users, parallel efforts target cryptocurrency kiosks, a channel associated with fraud against older adults. Supporters frame the bill as modernization with guardrails rather than speculation. “Insurance for the future of finance,” said Rep. Kyle Pierce (R-Anderson), the bill’s sponsor. He has pointed to regulated ETF on-ramps and privacy protections as central features of the framework. Advocates for older Hoosiers have focused on fraud prevention at crypto ATMs. AARP Indiana has urged licensing, clear disclosures and warnings, receipts, and transaction limits to mitigate scams that target seniors, emphasizing transparency and recoverability where feasible. Institutional stakeholders have signaled qualified caution. According to Indiana Capital Chronicle (https://indianacapitalchronicle.com/2026/02/05/indiana-lawmakers-consider-crypto-pension-investments-atm-scam-crackdown/?utm_source=openai), the Indiana Public Retirement System indicated it was broadly comfortable with the negotiated bill language while remaining watchful of ETF risk exposure. The outlet also reported that crypto ATM operators warned fee caps (for example, 10%) and strict transaction limits could render machines uneconomic,…

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Filed under: News - @ February 26, 2026 6:27 am