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Oklahoma Representative Cody Maynard announced the introduction of the Bitcoin (BTC) Strategic Reserve Act on Wednesday.

The move comes amid expectations that President-elect Donald Trump will pass similar legislation at the federal level.

Senator Cynthia Lummis has previously introduced the Bitcoin Act in the Senate and has been in discussions with key members of the Trump administration about its implementation.

“Bitcoin is a symbol of freedom from bureaucrats who print money and reduce our purchasing power,” Maynard said in explaining the bill, which is scheduled to be considered in the legislative session on February 1, adding that the fund could act as a hedge against inflation.

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Vitalik Buterin is one of the co-founders of Ethereum, one of the most significant blockchain platforms, launched in 2015. Born in Russia and raised in Canada, Buterin initially entered the cryptocurrency world by writing for Bitcoin Magazine. He then created Ethereum with the goal of providing a platform for smart contracts and decentralized applications (DApps). Ethereum has enabled developers to build complex applications on the blockchain, leading to major transformations in both technology and finance.

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Algorand, with the abbreviation ALGO, is a digital currency or form of digital asset that is ranked 45th in the market with a market capitalization of about $2.86 billion and Algorand's dominance is currently 0.08%. Each unit of

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