Brazil’s Chamber of Deputies has officially scheduled a public hearing for August 20, 2025, to evaluate a bill proposing the establishment of a Strategic Sovereign Bitcoin Reserve (RESBit). Under Bill 4501/2024, the federal government could allocate up to 5% of its international reserves, approximately $15 billion, to Bitcoin.
Introduced in November 2024, the legislation aims both to diversify Brazil’s reserve assets and promote blockchain innovation as part of long‑term economic resilience. Supporters argue that Bitcoin can serve as “digital gold,” cushioning against currency volatility and geopolitical risk.
The August 20 hearing will be held in Plenary 5 of Annexe II at the Chamber of Deputies in Brasília. Confirmed attendees include officials from the Central Bank of Brazil, the Ministry of Finance, and crypto advocates such as Diego Kolling (Méliuz) and Rubens Sardenberg (FEBRABAN). Invitations are also extended to representatives from the Ministry of Development, Industry, Commerce, and Services
Bill 4501/2024 tasks the Central Bank and Ministry of Finance with overseeing custody, risk management, and strict reporting mechanisms, including criminal and administrative penalties for mismanagement. Should the bill pass the Chamber, it must go through the Senate before reaching the President for final approval.
The proposal also envisions integrating the reserve with Brazil’s upcoming central bank digital currency (DREX) and fostering public–private partnerships in blockchain education, innovation, and startup incentives.
If approved, Brazil would join a growing roster of nations, including the U.S., Indonesia, and Kazakhstan, examining sovereign Bitcoin strategies. The outcome of this hearing could influence digital asset policy across Latin America.
Read also: Shiga Digital Secures DIFC License to Drive Blockchain Finance for Africa
