Indiana · 2026 Regular Session · Bill
HB 1217: Regulation of stablecoin.
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 1217 is a bill introduced in the Indiana House on January 5, 2026. According to its official title, it concerns: Regulation of stablecoin. Primary sponsor: Kyle Pierce (Republican), Scott Baldwin (Republican). It lists 2 additional sponsors. Most recent recorded action (February 19, 2026): Committee report: do pass, adopted.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Prohibits a permitted payment stablecoin issuer or foreign payment stablecoin issuer from: (1) paying interest or any other type of yield; or (2) providing any other economic benefit; to a person in connection with the person's holding, use, or retention of a payment stablecoin. Provides that: (1) a payment stablecoin may be issued in Indiana only by a licensed payment stablecoin issuer; and (2) beginning July 1, 2028, subject to specified exceptions, a digital asset service provider may not offer or sell a payment stablecoin in Indiana that is not issued by a licensed payment stablecoin issuer. Requires the department of financial institutions (department) to: (1) administer licensure of persons to act as payment stablecoin issuers; and (2) regulate and supervise licensed payment stablecoin issuers. Establishes requirements for licensure as a payment stablecoin issuer and a process by which an applicant for licensure may appeal denial of the applicant's application. Imposes reporting requirements for licensed payment stablecoin issuers. Specifies powers of the department in regulating and supervising licensed payment stablecoin issuers. Specifies civil and criminal penalties for violations. Provides for priority of claims in an insolvency action regarding a licensed payment stablecoin issuer.
Sponsors
Sponsors by party (alphabetical): Republican 4
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Kyle Pierce | Primary sponsor | Republican | House | 36 |
| Scott Baldwin | Primary sponsor | Republican | Senate | 20 |
| Chris Judy | Co-sponsor | Republican | House | 83 |
| Jake Teshka | Co-sponsor | Republican | House | 7 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Committee report: do pass, adopted
- Committee report: do pass adopted; reassigned to Committee on Appropriations
- First reading: referred to Committee on Insurance and Financial Institutions
- Referred to the Senate
- Representative Judy added as coauthor
- Senate sponsor: Senator Baldwin
- Third reading: passed; Roll Call 61: yeas 67, nays 23
- Second reading: ordered engrossed
- Committee report: amend do pass, adopted
- Representative Teshka added as coauthor
- Authored by Representative Pierce K
- First reading: referred to Committee on Financial Institutions