Brazilian lawmakers will debate the Strategic Reserve of Bitcoin
According to a report from local media, the Strategic Reserve of Bitcoin bill was introduced by Deputy Eros Biondini in November 2024. Since then, it has been transferred to the Economic Development Commission for discussion.
Deputy Luiz Philippe de Orleans e Bragança requested a public hearing at the end of June. The hearing is already confirmed and will take place in Plenary 5 of Annex II of the Chamber of Deputies in Brasília.
This will be the first formal debate on whether Brazil should diversify its government reserves by including Bitcoin. The event is open to public and expert participation, and several key figures have already confirmed their attendance.
Diego Kolling, responsible for Bitcoin strategy at Méliuz, and Rubens Sardenberg from the Brazilian Federation of Banks, have agreed to attend. Representatives from the Central Bank of Brazil, the Ministry of Finance, and the Ministry of Development, Industry, Commerce and Services have also been invited.
However, confirmation of some officials such as Guilherme Mello and Nilton José Schneider David is still pending. Conversations about a BTC reserve strategy by the U.S. have also begun.
Recently, the U.S. Director of Digital Assets, Bo Hines, confirmed that the Strategic Reserve of Bitcoin is still underway. He explained that it is a process that requires a lot of time and effort to ensure its longevity and success.
The outcome of this hearing could determine whether the bill receives legislative approval before reaching Congress. If approved, it would require presidential sanction to become law.
Lawmakers consider this a historic opportunity to modernize Brazil's financial reserve system. The public hearing will begin at 4:00 PM (local time) on the specified date.