On June 12, it was reported that the Brazilian House of Representatives was reviewing Bill 4501 of 2024, which proposed the establishment of a Bitcoin Sovereign Strategic Reserve (RESBBit), with a plan to use up to 5% of international reserves to purchase Bitcoin. The bill aims to decentralize treasury assets, resist exchange rate fluctuations and geopolitical risks, promote the development of blockchain technology, and provide support for Brazil's digital currency (Drex). The reserve will be jointly managed by the Brazilian Central Bank and the Ministry of Finance, using security technologies such as cold wallets and establishing strict transparency mechanisms. The speaker, Senator Luiz Gastão, has voted in support of the bill, emphasizing that a cautious and gradual implementation strategy will be adopted to balance potential benefits with risks.