TLDR
- Brazil Eyes Bitcoin Reserves: Key Congress Hearing Set for August 20
- Lawmakers to Debate Bitcoin in Brazil’s Sovereign Assets This August
- Brazil Mulls Bitcoin for Reserves; Public Hearing Slated for Aug. 20
- Congress to Weigh Bitcoin Reserve Bill as Brazil Eyes Crypto Shift
- Brazil’s Bitcoin Reserve Push Gains Steam Ahead of August Congress Session
Brazil is preparing to evaluate a proposal to include Bitcoin in its sovereign reserves. The Chamber of Deputies has scheduled a public hearing on Bill 4.501/2024 for August 20, 2025. This marks a key step as lawmakers begin assessing Bitcoin’s role in national asset diversification.
Bitcoin Strategic Reserve Proposal Gains Momentum
The bill, introduced by Federal Deputy Eros Biondini in November 2024, seeks to modernize Brazil’s reserve policy. It proposes that the country include Bitcoin and other secure digital assets in its official portfolio. The proposal aligns with a broader global movement toward integrating crypto assets into public finance frameworks.
Brazil is officially stepping into the Bitcoin game 🇧🇷🔥
Their first $BTC strategic reserve hearing is happening on August 20th.
First El Salvador… now Brazil
Are you still sleeping on Bitcoin? pic.twitter.com/1x79d3xdal
— Belle (@Bitt_Belle) August 5, 2025
The Economic Development Commission (CDE) received the bill in June and endorsed the next step. Federal Deputy Luiz Philippe de Orleans e Bragança formally requested a public hearing to advance the discussion. The CDE then confirmed the date for the session as August 20 at 4:00 p.m. in Brasília.
The hearing will take place in Plenary 5 of Annex II within the Chamber of Deputies. It marks the opening day of the National Congress’s next term. The session will serve as a platform for stakeholders to present views on Bitcoin’s inclusion in national reserves.
Industry and Government Representatives to Join Session
Confirmed attendees include Diego Kolling, Head of Bitcoin Strategy at Méliuz, and Rubens Sardenberg from the Brazilian Federation of Banks (FEBRABAN). Their presence signals significant private sector interest in the proposal. Their insights will help frame the potential financial and monetary implications of adopting Bitcoin at a national level.
The CDE has also invited representatives from the Central Bank of Brazil, the Ministry of Finance, and the Ministry of Development, Industry, Commerce, and Services. Invitations are pending confirmation from key figures, including Guilherme Mello and Nilton José Schneider David. Once confirmed, these guests will provide broader context on regulatory and fiscal strategies.
The presence of both public and private stakeholders aims to ensure a well-rounded debate. The hearing is expected to address risks, benefits, and global alignment. The session offers Congress an opportunity to explore emerging technologies in financial governance.
National Congress to Weigh Strategic Reserve Shift
Bill 4.501/2024 introduces a strategic policy shift in how Brazil manages its reserve assets. By incorporating Bitcoin, the proposal aims to reduce reliance on traditional currencies and diversify holdings. Supporters argue this could strengthen Brazil’s financial position in volatile markets.
The United States and other countries are also considering similar digital reserve initiatives. Brazil’s proposal could position it as an early adopter in Latin America. If passed, the bill may influence policy discussions in other developing economies.
The upcoming hearing does not guarantee approval but sets the groundwork for future legislative decisions. The bill could proceed to further analysis or be amended. If approved by both legislative houses, it would require the president’s sanction to become law.
Brazil’s consideration of Bitcoin as a sovereign asset marks a potential turning point in fiscal policy. The August 20 hearing will determine whether the proposal gains broader support. The outcome could shape Brazil’s financial strategy for years to come.
