Bitcoin News Today: Brazil to Hold Historic Bitcoin Reserve Hearing August 20 2025

Brazil will hold its first parliamentary hearing on the establishment of a strategic Bitcoin reserve on August 20, 2025, marking a significant step in the country’s exploration of digital assets as part of its official financial strategy. The hearing, scheduled to take place in Brasília at the Chamber of Deputies, will bring together key stakeholders, including lawmakers, central bank officials, and industry leaders, to debate the proposal [1].

The initiative, led by Federal Deputy Eros Biondini, envisions allocating up to 5% of Brazil’s foreign exchange reserves—approximately $18.6 billion—toward a Bitcoin reserve. If passed, the bill (4501/2023) would position Brazil as one of the largest sovereign holders of Bitcoin, potentially surpassing countries like El Salvador in its commitment to digital assets [1]. The move aims to diversify Brazil’s reserve portfolio and enhance its economic influence, particularly in the context of evolving global financial strategies involving cryptocurrencies.

The hearing will include participation from a range of public and private sector figures. Diego Kolling, head of Bitcoin strategy at Méliuz, will attend, alongside Rubens Sardenberg, Chief Economist of FEBRABAN, and representatives from the Brazilian Cryptoeconomics Association (ABcripto), the Central Bank, and the Ministry of Finance [1]. This broad representation underscores the cross-sectoral interest in the proposal and the potential implications for Brazil’s financial landscape.

The initiative has been described as a “historic first” by local media, reflecting the novelty of the approach in the Latin American context. However, the bill still has a long path to becoming law. It must pass through the Chamber of Deputies, be approved by the Senate, and receive presidential endorsement. The process highlights the complexity of legislative change in Brazil and the challenges of integrating cryptocurrencies into official financial frameworks [1].

The debate on the Bitcoin reserve coincides with broader legislative efforts to support the cryptocurrency sector. In June 2025, Biondini also introduced a complementary bill aimed at exempting long-term crypto investments from taxation [1]. These proposals signal a potential shift in Brazil’s regulatory stance, indicating greater openness to digital assets and their role in economic development. However, the outcomes remain uncertain, and the hearing will be a critical moment in assessing the feasibility and reception of the reserve idea.

The proposed reserve reflects a global trend, with governments increasingly exploring the strategic value of cryptocurrencies. By considering Bitcoin as part of its reserve assets, Brazil may be positioning itself at the forefront of a new financial paradigm that blends traditional economic instruments with blockchain-based technologies. The event is not only a milestone for Brazil but also an indicator of how national economic strategies are evolving in response to the growing prominence of digital currencies [1].

Source: [1] Brazilian Lawmaker’s Strategic Bitcoin Reserve Bill Set for ‘Historic’ Public Hearing (https://cryptonews.com/news/brazilian-lawmakers-strategic-bitcoin-reserve-bill-set-for-historic-public-hearing/) [2] Brazilian Strategic Bitcoin Reserve Bill Set for Public Hearing (https://cryptorank.io/news/feed/80846-brazilian-lawmakers-strategic-bitcoin-reserve-bill-set-for-historic-public-hearing)