⭐ Merited by o_e_l_e_o (4)
This essentially makes illegal everything except fully KYCed bitcoin held on centralized exchanges which report every single deposit, trade, and withdrawal to the US government.
I guess the Bitcoin network will be illegally operated in the US if this bills passes, as mining bitcoin falls under (1). 
Ask yourself again why they care about this minuscule fraction so much while turning a blind eye to the fiat banks, which are multiple orders of magnitude worse.
It is pretty easy to pinpoint how bad bitcoin laundering is when you don't get lobbied there. 
As I said, I'm looking forward to seeing how this will work. Blockchain analysis is a scam and can be totally inaccurate. Are you going to accuse someone for being a terrorist just because they happened to receive mixed coins? Are you going to force everyone sharing their TXID with the government whenever they buy/sell bitcoin? Please explain me how this works, don't just give me this giant piece of theoretical horseshit.