Brazil, the largest economy in South America, is preparing to take a major step toward adopting Bitcoin as a strategic financial asset. Specifically, the Chamber of Deputies has officially scheduled its first public hearing on the creation of a national Bitcoin reserve for August 20, 2025. Parliament to Debate Bitcoin Bill The public hearing will focus on Bill 4.501/2024, authored by Federal Deputy Eros Biondini. It was initially introduced in November 2024. The bill proposes that Brazil begin diversifying its sovereign assets by including Bitcoin and other secure crypto assets in its national reserves. The initiative aims to modernize Brazil’s financial strategy and align it with emerging global trends. Economic Development Commission Backs the Proposal Federal Deputy Luiz Philippe de Orleans e Bragança formally requested the public hearing through the Economic Development Commission (CDE). The session will take place in Plenary 5, Annex II of the Chamber of Deputies in Brasília, beginning at 4:00 p.m. on the opening day of the congressional term. According to CDE announcements, the hearing marks a major milestone in advancing the bill toward potential approval and presidential sanction. Experts and Institutions to Present Views Notably, the hearing will feature participation from key stakeholders in Brazil’s financial and crypto sectors. Diego Kolling, Head of Bitcoin Strategy at Méliuz, and Rubens Sardenberg from FEBRABAN have already confirmed their attendance. They have also extended invitations to representatives from Abcripto, the Central Bank of Brazil, the Ministry of Finance, and the Ministry of Development, Industry, Commerce, and Services. Their presence will provide broader insights into how Bitcoin integration could affect Brazil’s fiscal, monetary, and industrial policies. Global Efforts The success of this bill could position Brazil among the first major economies to formally adopt Bitcoin in its sovereign reserves. In the United States, similar proposals are under discussion. The president has shown support, having signed an executive order related to crypto reserves. Meanwhile, individual states like Texas have already passed laws supporting Bitcoin reserves. In June, Texas became the first U.S. state to allocate public funds—$10 million—for purchasing BTC. Governor Greg Abbott signed the bill into law following bipartisan support in the Senate. While Arizona and New Hampshire have passed similar bills, Texas was the first to fund and implement a dedicated Bitcoin reserve. Beyond holding Bitcoin, other countries like France have drafted bills to launch Bitcoin mining at state-run nuclear facilities to utilize surplus energy. The plan aims to convert wasted energy into state revenue, with projections estimating up to $150 million annually from one gigawatt of unused power. Notably, France lost €80 million in 2024 due to surplus energy inefficiencies.

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