Solv founder Meng Yan said that if Trump comes to power and fulfills his promise and replaces the SEC chairman who is friendly to crypto, it may not be long before we see suggestions like "Token Safe Harbor" being implemented, and a new and benign industry order will be slowly established, inspiring countless innovative Web3 products. If Kamala Harris comes to power, the SEC will most likely continue to pursue today's policies, which are based on the dogma of the old order, regardless of whether it is replaced. If so, the establishment of the new Web3 order may have to grope in the dark for a long time. The "Token Safe Harbor" plan allows crypto projects to enter a three-year safe harbor, raise funds and incentivize through the issuance of tokens, and not be pursued under securities law for the time being.