The SEC’s proposed “Regulation Crypto Assets” framework has been published in the Federal Register, starting a 60-day public comment period for one of the most closely watched crypto rulemaking efforts in the United States.

The proposal, listed as File No. S7-2026-27, was published on August 21. Comments are due by October 20. The framework would create possible exemptions for covered digital asset investment contracts, including a one-time startup exemption of up to $5 million and a 12-month fundraising exemption of up to $75 million.

That could be significant if the proposal survives the rulemaking process.

But it is not final. It is not law. It is not approval of every token sale.

It is the start of a formal comment window.

TL;DR

• The…