Brian Nelson, a candidate for the post of Deputy Treasury Secretary for Terrorism and Financial Crimes, will focus on cryptocurrency market regulations. Coindesk reports. At a Senate Banking Committee hearing, Nelson said the Anti-Money Laundering Act passed by the US Congress this year would give authorities the ability to regulate “any form” of currency. “I will prioritize the implementation of this law, including the new rules for cryptocurrencies,” Nelson said. The Financial Crimes Enforcement Agency (FinCEN), a division of the US Treasury Department, this year proposed to review digital currency conversion transactions for compliance with anti-money laundering and terrorist financing requirements. Last month, the regulator urged exchanges to report cryptocurrency transactions in excess of $ 10,000 to the IRS.