Lawmakers have set the stage for a discussion on Bill 4.501/2024, which was introduced in November 2024 by Federal Deputy Eros Biondini. The move would allow Brazil to diversify its reserve assets beyond traditional US Treasuries.
According to the Economic Development Commission, the session will begin at 4 p.m. in Plenary 5, Annex II of the Chamber of Deputies in Brasília.
Federal Deputy Luiz Philippe de Orleans Bragança pressed for this hearing, signaling strong support within the legislature.
Over a dozen institutions and experts have been invited. Diego Kolling, Head of Bitcoin Strategy at Méliuz, will explain how crypto fits into long-term planning. Rubens Sardenberg from Febraban will discuss banking rules.
Invitations have also gone to Abcripto, the Central Bank of Brazil, the Ministry of Finance, and the Ministry of Development, Industry, Commerce, and Services. Their insights should cover how holding Bitcoin might affect inflation, fiscal policy, and industry growth.
Brazil’s Chamber of Deputies is set to hold its first public hearing on August 20, 2025, at 4:00 p.m. in Brasília to discuss Bill 4.501/2024,…
Based on reports, advocates argue that Bitcoin could hedge against swings in the real and rising inflation. Critics worry about the currency’s wild price swings—Bitcoin has seen up to 30% moves in a single day.
Auditors will need clear guidelines on how to record crypto on the nation’s balance sheet. Opponents will likely point to the risk of buying high and then watching prices fall.
Brazil won’t be alone if it approves this plan. Texas has already set aside 10 million dollars of public money to buy BTC, after Governor Greg Abbott signed a law in June.
France is also exploring state-run Bitcoin mining at nuclear plants to turn unused power into a revenue stream. Officials estimate that one gigawatt of extra capacity could generate up to 150 million dollars each year.
Brazil has its own mix of hydropower and solar farms with seasonal overflow. If the government backs a Bitcoin reserve and also explores pairing mining operations with clean-energy plants, it could turn wasted power into a revenue stream.
Featured image from PayBito, chart from TradingView
