According to a report by Jinse Finance and Decrypt, Indiana State Representative Kyle Pierce stated that although Bitcoin is the first encryption asset, legislation should not only benefit BTC. He deliberately kept the terms broad in the crypto bill submitted this month, not setting a market capitalization threshold to avoid “picking winners and losers” in the legislation. Pierce emphasized that the goal is to promote the entire crypto market, rather than locking in Bitcoin, Ethereum, or Tether. Unlike states like New Hampshire, the bill does not impose a $500 billion market capitalization limit. Pierce stated that newly issued tokens are not suitable as retirement investments for public servants, and adjustments will be made in future hearings.
The bill also includes protections for miners, stating that state governments cannot take negative actions specifically targeting mining activities.
According to previous news, Indiana state legislators proposed to support Bitcoin's inclusion in pensions and protect the rights of crypto payments.
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