According to Foresight News, according to CoinDesk, U.S. Treasury Undersecretary Brian Nelson said at the Consensus conference that the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) 2023 proposal aims to increase transparency rather than ban mixer transactions. The proposal lists mixers as a "major money laundering problem" and requires virtual asset service providers (VASPs) to report any cryptocurrency transactions involving mixing to the agency. Brian Nelson said he sympathized with cryptocurrency users' desire for financial privacy, but suggested that the industry and the Treasury Department should work together to find ways to improve privacy protection without facilitating terrorist financing.