Brazilian congressman Eros Biondini has proposed a bill to create a national bitcoin reserve, mirroring initiatives by US politicians. The proposed bitcoin sovereign strategic reserve, named ResBit, aims for the Brazilian central bank to acquire bitcoin until it constitutes 5% of the national reserves. This initiative coincides with renewed efforts in the US, particularly by Senator Cynthia Lummis, who aims to reintroduce a similar bill advocating the Treasury to purchase 1 million bitcoins over five years. Both proposals emphasize financial sovereignty and economic development, while necessitating that bitcoin holdings be kept in cold storage with public transaction reporting. Interestingly, Biondini's draft does not specify a timeline for potential bitcoin sales, marking a distinction from US proposals. As discussions gain traction in both countries, the outcomes remain uncertain, especially regarding the political landscape in the US following Donald Trump's return to the White House.

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