Brazilian lawmakers will hold their first hearing on August 20th to look into the bill that proposes building a strategic reserve for Bitcoin. The reserve is worth up to $18.6 billion and can take a serious step towards reshaping how Brazil I’ll think about it Foreign readiness and economic resilience.
Hearing focuses on risk management and diversifying reserves
Bill 4501/2024 proposes to hold up to 5% of Brazil’s Treasury reserves in Bitcoin, framing it in response to hedging currency volatility and rising geopolitical risks. Lawmakers who support the proposal say it’s not about betting on Bitcoin, but about preparing for a financial world that looks very different from what Brazil had planned in the past.
Brazil’s Congress will discuss the creation of a strategic Bitcoin Reserve.
Brazil’s historic step in the global crypto landscape.#Brazil #bitcoin #cryptonnews pic.twitter.com/bqganmuva5– Just Santana (@kakassanana) August 20, 2025
Experts from all over the industry will talk
This is not just a political form. Deputy Louis Philippe de Orleans E. Braganza has called for a hearing, with Diego Colling, who leads the Bitcoin strategy at Mary’s, and Julia Rosim of Bitso and Abupriptoco. Officials from Brazil’s central bank and the Ministry of Finance are also there, revealing that this is more than just a crypto-only conversation. Also, it’s about fiscal strategy.
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Bitcoin is placed under joint custody
If passed, the bill will place custody of the Bitcoin Reserve in both the central bank and the Treasury. The designers configured it to avoid centralized control and add a layer of monitoring. The law also calls for double annual reports on reserve performance and risk, giving lawmakers and the public a more clear view of how the experiment is progressing.
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The next step involves several approval layers
Once this hearing is over, the bill still has a long way to go. Four important committees must be cleared: economic development, science and innovation, finance and taxation, constitution and justice. If it accomplishes it through that gauntlet, it heads to the full vote in the House and in the Senate, and finally to the President for final approval. The August 20th hearing was just the first test.
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Brazil shows that they are already used to cryptography
Brazil doesn’t start from scratch here. Already one of the most active crypto markets in Latin America, it quickly approves crypto ETFs. Last year, trading volumes approached $76 billion, and the country has been highly praised by global adoption reports. Adding Bitcoin to the national reserves is a major move, but it has no characterization.
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Key takeout
Brazil is holding its first official hearing on a proposal to add up to $18.6 billion in Bitcoin to its national reserves.
Bill 4501/2024 aims to allocate up to 5% of Brazil’s Ministry of Finance reservoir to Bitcoin as a hedge against currency and geopolitical risks.
The August 20th hearing will feature both voices from both Crypto companies and traditional finances, including the central bank and the Ministry of Finance.
The central bank and the Treasury will jointly hold the proposed reserves, and the law will require monitoring and public reporting.
Brazilian crypto adoption is already high, and the idea that Bitcoin strategic reserve is ambitious, but not of character.
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