According to Blockworks, Brazilian Congressman Eros Biondini proposed establishing a Bitcoin sovereign strategic reserve, ResBit, planning for Bitcoin to comprise 5% of the national reserves.
U.S. Senator Cynthia Lummis plans to reintroduce a bill to establish a Bitcoin reserve, proposing that the Treasury purchase 1 million Bitcoins over five years and hold them for at least 20 years.
Proposals from Brazil and the United States suggest storing Bitcoin in cold wallets and publicly recording transactions. Brazil's proposal does not specify when to sell Bitcoin.
