Brazil's Chamber of Deputies is set to hold its first public hearing on August 20, 2025, to discuss bill 4501/2024. The bill, introduced by Federal Deputy Eros Biondini and requested for review by Federal Deputy Luiz Philippe de Orleans e Bragança, proposes the creation of a national Sovereign Strategic Bitcoin Reserve (RESBit) that would allocate up to 5% of Brazil's international reserves to Bitcoin. Key industry figures such as Diego Kolling from Méliuz and Rubens Sardenberg from FEBRABAN have confirmed their participation, while representatives from the Central Bank, Ministry of Finance, and Ministry of Development are expected. Besides reserve diversification and use as collateral for the proposed digital currency Drex, the proposal includes measures to accelerate domestic blockchain and distributed ledger education through incentives and public-private partnerships, with regulatory implementation mandated within 180 days if passed.