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The Editors

Gensler’s SEC Is Learning to Pick Its Battles

Upending the stock market for uncertain rewards shouldn’t be a priority.

Good move.

Good move.

Photographer: Kevin Dietsch/Getty Images

From regulating crypto to improving corporate disclosure on climate risks, Securities and Exchange Commission Chair Gary Gensler has taken on many daunting challenges that, if things go well, could vastly improve prospects for investors, the economy and the planet.

It’s thus good to see him stepping back from a much less obviously useful quest: upending the stock market for uncertain rewards.