Indiana lawmaker calls for broader crypto legislation

Indiana State Representative Kyle Pierce has argued that cryptocurrency legislation should not focus solely on Bitcoin. In a statement to Decrypt, he emphasized that while Bitcoin was the first digital asset, other cryptocurrencies deserve equal consideration in regulatory efforts. The comments highlight ongoing debates in U.S. policy circles about digital asset regulation.

Indiana State Representative Kyle Pierce recently voiced concerns over the narrow focus of proposed cryptocurrency bills. Speaking to Decrypt on December 21, 2025, Pierce stated that "Bitcoin may be the first digital asset, but it shouldn’t be the only one affected by legislation." This perspective comes amid increasing legislative attention to digital currencies in the United States, where Bitcoin's prominence often dominates discussions.

Pierce's remarks underscore a push for more inclusive policies that address the broader cryptocurrency ecosystem. As lawmakers grapple with regulating digital assets, his call aims to ensure that emerging technologies and alternative coins are not overlooked. The statement reflects growing recognition that the crypto market extends far beyond Bitcoin, with implications for innovation, consumer protection, and financial stability.

While specific bills were not named in the interview, Pierce's position aligns with efforts to create comprehensive frameworks. This approach could influence state and federal initiatives, promoting balanced regulation that supports the sector's growth without favoring early entrants like Bitcoin.

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Indiana Rep. Kyle Pierce presents crypto ETF investment bill HB 1042 at Statehouse hearing with digital asset charts.
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Indiana advances bill for crypto ETFs in state funds

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Indiana lawmakers are pushing House Bill 1042 to allow state pension and savings plans to invest in cryptocurrency exchange-traded funds while preventing local restrictions on digital asset activities. The proposal, introduced by Rep. Kyle Pierce, received an early hearing amid growing national interest in crypto. It aims to position the state as a leader in blockchain technology without permitting direct crypto purchases.

State lawmakers in Wisconsin addressed fintech and cryptocurrency issues in 2025 through new legislation. Key focuses included bitcoin reserves, crypto ATMs, and earned wage access. Efforts also targeted stablecoins and regulations to combat scams.

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Indiana state lawmakers are advancing House Bill 1116 to impose new rules on cryptocurrency ATMs, aiming to protect consumers from rising fraud. The bill introduces transaction limits and fee caps in response to scams that have cost residents hundreds of thousands of dollars. Supporters highlight protections for vulnerable groups, while industry representatives express concerns over business impacts.

The U.S. Senate Banking Committee is set to mark up the Digital Asset Market Clarity Act of 2025 on January 15, 2026, aiming to establish a federal framework for digital assets. The bill would divide regulatory oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Controversy surrounds provisions related to decentralized finance, with advocacy groups launching ads to oppose them.

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Under the Trump administration, U.S. regulators have shifted toward integrating cryptocurrency into the traditional financial system, marking a historic change from prior enforcement-heavy approaches. Key developments include new legislation for stablecoins and approvals for crypto firms to operate like banks. This evolution has boosted institutional adoption amid Bitcoin's volatile but upward price trajectory.

U.S. Securities and Exchange Commission Chairman Paul Atkins cautioned that blockchain technology could enable excessive government surveillance of financial activities. Speaking at a roundtable on privacy and surveillance, he urged policies to protect investor privacy while ensuring illicit finance protections. Atkins emphasized balancing innovation with civil liberties in the crypto sector.

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Following White House discussions last week, cryptocurrency executives and lobbyists met U.S. senators on December 17, hosted by Senate Banking Chair Tim Scott, to advance the crypto market structure bill amid ongoing DeFi and ethics disputes. Attendees expressed optimism for January progress despite unresolved issues.

 

 

 

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