Indiana lawmaker: Cryptocurrency bills should not only benefit mainstream assets like BTC

TechFlow News, December 21, according to Decrypt, Indiana State Representative Kyle Pierce stated that although Bitcoin is the first crypto asset, legislation should not only benefit BTC. In the crypto bill he submitted this month, he deliberately kept the terms broad and did not set a market cap threshold, aiming to avoid "picking winners and losers" in legislation. Pierce emphasized that the goal is to promote the entire crypto market, rather than focusing on Bitcoin, Ethereum, or Tether. Unlike states such as New Hampshire, the bill does not set a $500 billion market cap limit. Pierce noted that newly issued tokens are not suitable for public employee retirement investments and that adjustments will be made during hearings.

The bill also includes protections for miners, stipulating that the state government may not take targeted negative actions against mining activities.

Previous news: Indiana lawmakers proposed supporting the inclusion of Bitcoin in pensions and protecting crypto payment rights.