Yang Haipo, CEO of ViaBTC Mine Pool, said on Weibo today that air currency and zero-coin are actually a very unprofessional saying. There is still a large number of stocks in the stock market. Is Jia Yueting holding PPT financing an air project? The token market itself is a high-risk market. Failure to return to zero is normal. Regulators should focus on whether there is a pyramid scheme fraud, rather than subjectively characterizing the project. In this respect, the United States is doing a better job of classifying tokens into tool-based tokens, securities-based tokens, and fraud-based tokens. Different types of tokens are served by different departments.