Brazilian Lawmaker’s Strategic Bitcoin Reserve Bill Set for ‘Historic’ Public Hearing
A Brazilian strategic Bitcoin reserve proposal will be debated in parliament later this month, with domestic crypto executives and government officials set to attend.The Brazilian media outlet Livecoins called parliament...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
A Brazilian strategic Bitcoin reserve proposal will be debated in parliament later this month, with domestic crypto executives and government officials set to attend.
The Brazilian media outlet Livecoins called parliament’s decision to hold the hearing “a historic first.”
The Chamber of Deputies is set to host the hearing on August 20. The bill in question was tabled by the pro-crypto lawmaker Eros Biondini in November 2024.
The bill calls for Brazil’s Treasury to start diversifying its asset holdings by buying Bitcoin (BTC) and other “secure” cryptoassets.
Brazilian Strategic Bitcoin Reserve: Aug 20 Hearing Date SetLawmakers such as Luiz Philippe de Orleans e Bragança have been calling for a public hearing on the proposal since late June, when the Chamber’s Economic Development Commission began deliberating on it.
The Brazilian Chamber of Deputies. (Source: José Cruz/Agência Brasil [CC BY 3.0 br])The hearing will feature a debate on the merits and drawbacks of a proposed Brazilian strategic Bitcoin reserve.
The hearing will be held in Annex II of the Chamber of Deputies in Brasília at 4 pm local time.
The Chamber is yet to confirm a list of attendees. However, Livecoins says it has “learned” that guests will include Diego Kolling, the head of Méliuz’s Bitcoin strategy department.
Méliuz is a B3 stock market-listed Brazilian payments firm that has unveiled plans to spend millions of dollars on establishing its own BTC treasury.
Rubens Sardenberg, the Chief Economist at FEBRABAN, the largest Brazilian banking federation, is also reportedly attending.
The Brazilian Cryptoeconomics Association (ABcripto), the nation’s Central Bank, the Ministry of Finance, and the Ministry of Development, Industry, Commerce, and Services are also expected to send representatives.
Brazil's Supreme Court orders the house arrest for former President Jair Bolsonaro, a Trump allyhttps://t.co/Md9yzI3bmr
— Economic Times (@EconomicTimes) August 5, 2025 ‘A Relevant, Ongoing Issue’The media outlet opined that the public hearing is “confirmation that the issue of whether there should be a Brazilian strategic Bitcoin reserve remains a relevant, ongoing issue.” It added:
“Brazilian legislation could be modernized in line with global trends. The United States, for example, is also discussing the creation of its own reserve and could become a global leader in this regard.”
However, the proposal has many obstacles to clear before it can become law. The chamber is yet to table a vote for the draft law.
And should it pass the lower chamber, it would then need approval from both the Senate. It would then require approval from the President.
In June, Biondini unveiled a separate draft law, calling for the government to do away with taxes on long-term crypto investment.
The post Brazilian Lawmaker’s Strategic Bitcoin Reserve Bill Set for ‘Historic’ Public Hearing appeared first on Cryptonews.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
U.S. Government Sends $1 Billion in Seized Bitfinex Bitcoin to Unlabeled Wallets
A wallet holding bitcoin stolen in the 2016 Bitfinex hack sent 12,267 BTC, worth about $1.01 billion, to new addresses on Thursday...
Greece Crypto Tax Proposal Would Exempt First €500 in Annual Gains
Greece is preparing a draft law that would tax individual crypto capital gains at 10%, with a reported €500 annual exemption. The...
Why XRP’s 63 billion circulating tokens don’t tell buyers what’s for sale
For XRP buyers, available supply depends on the price they are willing to pay. The token's roughly 63.09 billion circulating suppl...
French lawmakers back stablecoin swap tax in 2027 budget bill
France’s Finance Committee backed taxes on stablecoin swaps, as well as unrealized crypto gains when households with more than 800...
Wallet linked to 2016 Bitfinex hack transferred 12,267 BTC valued at $1.01 billion to new addresses
The transfer of BTC linked to the 2016 hack may signal future market volatility and strategic shifts, impacting Bitcoin's price st...
XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need
Tracked stablecoins on the XRP Ledger totaled $1.338 billion on Oct. 7. For XRP holders, the critical question is how much activit...