Indiana | Crypto

Representative James Baird won the Republican primary for Indiana's 4th district on Tuesday after receiving an endorsement from Donald Trump and supportive spending from a crypto-backed PAC. A Republican US House of Representatives member running for reelection has won his party’s primary after crypto-affiliated groups contributed more than $500,000 in supportive media buys. Representative James Baird won Tuesday's Republican primary for Indiana House District 4 with more than 60% of the vote, beating challenger Craig Haggard and others. Beginning with his first term, in January 2019, Baird consistently supported legislation considered favorable to the crypto industry, including the GENIUS stablecoin act and the market structure bill, the CLARITY Act. Read more

Days before an Indiana primary, the Defend American Jobs PAC reported spending about $514,000 on media in support of a Republican House member running for reelection in the state‘s 4th Congressional District. Defend American Jobs, the cryptocurrency-backed political action committee (PAC) affiliated with Fairshake, reported spending more than $500,000 on media to support a Republican incumbent representative in Indiana. According to a Saturday filing with the US Federal Election Commission (FEC), the Defend American Jobs PAC spent about $514,000 on media in support of James Baird, a Republican House member running for reelection in Indiana's 4th Congressional District. The spending was the latest in Fairshake’s spending on the 2026 US elections ahead of today's Indiana primary elections. Source: FEC Read more

Indiana’s HB 1042 cleared both chambers and heads to Governor Mike Braun, limiting crypto-specific taxes and opening the door to crypto options for retirement accounts. Indiana lawmakers sent a bill to Governor Mike Braun that would expand legal protections for cryptocurrency users and require certain state retirement and savings plans to offer a self-directed brokerage option with at least one crypto investment choice. House Bill 1042 (HB1042) for the “regulation and investment of cryptocurrency” cleared the legislature on Wednesday, with 59 lawmakers voting in favor and 33 against, according to data from Legiscan. The bill seeks to protect Bitcoin (BTC) and cryptocurrency investor rights, ban discriminatory crypto taxes and open the door for digital asset holdings in state retirement plans. Read more