New US senate bill S.1241 would effectively make anyone who owns cryptocurrencies into a criminal

Keep an eye on this bill and be on the watch for those like it:

https://www.congress.gov/bill/115th-congress/senate-bill/1241/text

Just some highlights:

"VIOLATIONS INVOLVING COMMINGLED FUNDS AND AGGREGATED TRANSACTIONS.
...
“(1) the monetary transaction involved the transfer, withdrawal, encumbrance, or other disposition of more than $10,000 from an account in which more than $10,000 in proceeds of specified unlawful activity was commingled with other funds; or..."
^ so pretty much anyone who has ever had an account at btc-e or used a mixer

"ILLEGAL MONEY SERVICES BUSINESSES.
...
Whoever knowingly conducts, controls, manages, supervises, directs, or owns all or part of a covered money services business that—
(1) is operated without an appropriate license in a State where such operation is punishable as a misdemeanor or a felony under State law, whether or not the person knows that the operation is required to be licensed or that the operation is so punishable..."
^ applies to anyone who owns ICO tokens

"Criminal Penalty.—Any person who violates—
subsection (a) by conducting, controlling, managing, supervising, directing, or owning all or part of a covered money services business that engaged in activity as a covered money services business involving more than $1,000,000 during a 12-month period, or by engaging in a transaction or transactions involving more than $1,000,000 during a 12-month period, shall be fined double the amount provided in subsection (b)(3) or (c)(3) (as applicable) of section 3571, imprisoned for not more than 10 years, or both."
^ ICO token holders effectively getting the shaft

"Whoever, with intent to defraud, has custody, control, or possession of any material, tool, machinery, or other equipment that can be used to make, alter, forge, or counterfeit any obligation or other security of the United States or any part of such obligation or security, except under the authority of the Secretary of the Treasury; or..."
^ miners of cryptocurrencies, since they are now considered "securities"

"(i) MAINTAINING RECORDS IN THE UNITED STATES.—Any covered financial institution that maintains a correspondent account in the United States for a foreign bank shall maintain records in the United States identifying—[owners and information]
LAW ENFORCEMENT REQUEST.—Upon receipt of a written request from a Federal law enforcement officer for information required to be maintained under this paragraph, a covered financial institution shall provide the information to the requesting officer not later than 7 days after receipt of the request.
IN GENERAL.—No officer, director, partner, employee, or shareholder of, or agent or attorney for, a foreign bank on which a subpoena is served under this paragraph shall, directly or indirectly, notify any account holder involved or any person named in the subpoena issued under subparagraph (A)(i) and served on such an institution about the existence or contents of such subpoena."
^ Coinbase will be required to comply with federal requests for all account holder information, and users will not be notified.

So yeah, all in all this would be an absolute dick-punch for ICO's, cryptocurrencies, etc.

Just a heads up.