50 Volt SELV always has been based on Telephone exchanges, a nominal 48 Volt system, that when fully charged would have 56.x Volts on it, in recent years more testing and looking at automotive "Load dumps" has led to an increase to 63 Volts, I must have missed it creeping up again to 70! It is based on not being able to have a sustained arc in the dc circuit when a switch is opened.