According to CoinMeta, Washington will fully support cryptocurrencies within a week. After receiving executives from the crypto industry at the White House, Trump called on Congress to pass the "Transparency Act." The chairman of CFTC stated that if the act is stalled, institutions will establish their own crypto regulatory frameworks based on existing authorities. In addition, SEC proposed the first crypto fundraising framework, allowing projects to raise up to $75 million without undergoing comprehensive registration.