$BTC Breaking news in the crypto space! Indiana has just proposed a bill that would allow public pensions to invest in Bitcoin. This is a significant development, as it could pave the way for other states to follow suit.

While I couldn't find specific information on the Indiana bill, there have been similar proposals at the federal level. Senator Cynthia Lummis has introduced the "Bitcoin Act of 2024," which proposes the creation of a Strategic Bitcoin Reserve to strengthen the dollar and maintain US leadership in the crypto space ¹.

The proposed reserve would involve acquiring 1 million Bitcoins over five years, using Federal Reserve remittances to fund the program. This move is seen as a way to hedge against inflation and bolster US financial leadership ¹.

It's worth noting that Indiana's proposal is part of a larger trend of growing institutional interest in Bitcoin. As more states and institutions explore investing in crypto, we can expect to see increased adoption and potentially even more proposals like this one.