US Senate Moves to Criminalize Non-Disclosure of Cryptocurrency Ownership
The US Senate Judiciary Committee is currently tackling bill S.1241 that aims to criminalize the intentional concealment of ownership or control of a financial account. The bill also would amend the definition of ‘financial account’ and ‘financial institution’ to include digital currencies and digital exchanges, respectively. According to ranking committee member Senator Dianne Feinstein, the proposed bill is needed to modernize existing AML laws.
Although it's written so "concealing" an account is pretty vague, I'm sure it'll end up being one of those "tack-on" charges to people who are committing crimes and trying to cover their trail. This probably won't affect most users, although there's always the chance it's to get a foot in the door to regulation.