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Financial Institutions Committee advances three crypto-related bills with amendments on investment access, kiosks and stablecoins
Summary
The committee passed changes to a retirement-investment bill (HB 10-42), advanced a revised crypto-kiosk bill with new limits and licensing (HB 11-16), and approved a stablecoin measure (HB 12-17). Lawmakers added consumer protections such as a 7-day wait for new kiosk users and reporting/licensing deadlines for operators.
The Financial Institutions Committee on Wednesday approved or advanced several bills aimed at regulating cryptocurrency activity in Indiana, adopting amendments that opened certain retirement accounts to self-directed crypto investments, imposed consumer safeguards on crypto kiosks and clarified state oversight of payment stablecoins.
Representative Pierce, sponsor of House Bill 10-42, described an amendment that narrows the bill—s original scope by allowing individual state retirees who control their retirement accounts to use self-directed brokerage accounts rather than expanding ETF access for public funds. Pierce said the amendment removed an earlier task force proposal, preserved local zoning authority over digital-asset mining and added a line permitting the Department of Financial Institutions (DFI) to regulate where needed so HB 10-42 does not conflict with the state—s companion stablecoin measure.
Supporters said the change preserves personal choice for retirees while removing public funds and trust funds…
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