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Brazil’s Federal Senate will vote for the ‘Bitcoin Law’ next Tuesday, April 19. Even though the law project is up for voting, there are no guarantees that the bill will be favorably passed.

In December 2021, the initial proposal was approved in the country’s Chamber of Deputies, which forms part of the legislative power, and was immediately sent to the Senate for review. The Commission on Economic Matters (CAE (NYSE:CAE)) approved the proposal in February.

In case the Senate approves the bill, the proposal will be sent again to the Chamber of Deputies and then for a final sanction, to Brazil’s president Jair Bolsonaro.

What Could Change With the ‘Bitcoin Law’?

Senator Flavio Arns highlighted the bill’s features: