Player kicked for floating too long and client crash/freeze while riding minecart elevator

In singleplayer survival the game suddenly crash/freeze with message in console reading "(playername) was kicked for floating too long!".

Steps to reproduce:
1. Build a minecart elevator
2. Use minecart elevator
3. While holding right mouse button to ascend, the game will suddenly crash
1. Make a minecart rest on top of a ladder (as they do in minecart elevators)
2. Enter minecart and wait
3. After only a couple of seconds the game will kick the player for floating too long and stop responding/crash

Console output on crash:
[17:32:12] [Server thread/WARN]: <playername> was kicked for floating too long!
[17:32:12] [Server thread/INFO]: <playername> lost connection: TextComponent{text='Disconnected', siblings=[], style=Style{hasParent=false, color=null, bold=null, italic=null, underlined=null, obfuscated=null, clickEvent=null, hoverEvent=null, insertion=null}}
[17:32:12] [Server thread/INFO]: <playername> left the game
[17:32:12] [Server thread/INFO]: Stopping singleplayer server as player logged out
[17:32:13] [Server thread/INFO]: Stopping server
[17:32:13] [Server thread/INFO]: Saving players
[17:32:13] [Server thread/INFO]: Saving worlds