HB 1322, introduced by State Representative Jake Teshka and co-authored by Shane Lindauer and Cory Criswell, aims to diversify Indiana’s pension fund investments. These funds support the retirement savings of public employees, including teachers, firefighters, and government workers.
If passed, this bill would allow Indiana to tap into the rapidly expanding crypto market, potentially benefiting from Bitcoin’s long-term growth. The bill is currently under legislative review, and if approved, it will go into effect on July 1, 2025.
Beyond investments, HB 1322 also proposes studying blockchain technology for government applications. The bill directs the Department of Administration to assess how blockchain can enhance efficiency, data security, and user experience in public services.
Supporters of the bill believe that investing in Bitcoin ETFs could help diversify pension portfolios, reducing risk and potentially increasing long-term returns. However, critics argue that Bitcoin’s volatility could pose risks for retirement funds.
As states continue to embrace crypto-friendly policies, Indiana’s move could mark a significant shift in public investment strategies.