Just to make sure I got this right, are they really gonna ban people in the US from having more than one Bitcoin address?

Notably, the mixer rule's suggestions on cryptocurrency swaps, transaction delays, "splitting," and the creation of single-use addresses, wallets, and accounts, would even put users under suspicion with the authorities, potentially ending in criminal liability – similar to how transaction structuring, sometimes also known as "smurfing," is deemed a federal crime in traditional finance, referring to the intentional breakup of transactions to fall below the $10,000 currency transaction reporting requirement. In traditional finance, smurfing carries a federal prison sentence of up to 5 years, even if the money transferred did not stem from illicit origins.