Gensler Passes a Rule on His Treasury To-Do List. But There Are Tougher Fights Ahead

Also, audit regulator's $385 million budget stokes a spirited debate at SEC

Tick another item off Gary Gensler’s agenda. The rule approved today, designed to expand central clearing of Treasuries, is pretty deep in the weeds of market plumbing. But it is near and dear to the SEC chief’s heart – and central to his oft-repeated mission of promoting transparency, resiliency and competition in the markets. 

“Treasuries are integral …