The US SEC’s crypto safe harbor proposal, also known as Regulation Crypto Assets (Reg Crypto), is now under review by the Office of Information and Regulatory Affairs (OIRA), said Chair Paul Atkins during a Monday fireside chat at the inaugural Digital Assets and Emerging Technology Policy Summit hosted by Vanderbilt University and the Blockchain Association.

First proposed last month, the framework would introduce a startup exemption for early projects, a fundraising exemption with structured reporting, and a safe harbor mechanism to signal when assets are no longer subject to securities laws.

Atkins said that the SEC will soon propose a “Reg Crypto” framework for token fundraising under the 1933 Act and open…