The US Securities and Exchange Commission (SEC) has wrapped up its public comment period on a proposed crypto rule. About 140 comments were submitted over roughly 60 days by industry groups and individuals on the “Regulation Crypto Assets,” which was released in August.

At the heart of the proposal is clarifying the legal standards that apply to investment contracts involving crypto assets. It includes a safe harbor provision that shields token issuers meeting certain conditions from being deemed investment contracts, along with exemptions from regulation for token offerings below a specified size. The SEC described the measure as an effort to create a “clear and fit-for-purpose framework” for certain investment contracts involving…