The Securities and Exchanges Commission (SEC) has put forward a proposal to incentivize the trading of US Treasuries, a market estimated at $24 trillion, through a clearing house.
“These rules would reduce risk across a vital part of our capital markets in both normal and stress times,” SEC’s chair Gary Gensler said.
Source: https://www.trustnodes.com/2022/09/20/sec-proposes-centralizing-the-24-trillion-us-treasuries-market