A felony conviction has a serious impact on a defendant’s life, even beyond the obvious immediate consequences of sentencing. A person who has a felony conviction on their record forfeits certain rights that other members of the community enjoy. In some jurisdictions there exists a process by which an individual can seek to have a felony conviction expunged from their record, but even this process may not fully restore every right and privilege that the person held prior to their conviction.
The plethora of federal laws and regulations that apply to you is probably not something that you give much thought to on any given day. But perhaps you should, for you might not realize that you may be committing criminal violations practically all the time and not even be aware of it - until someone from the federal government agency accuses you of having committed a crime, at which point it is too late to avoid it.