Not sure what your point is here unless you seek to mock my assertions that China has won the trade war and that Chinas mixed mercantile economy is outperforming the wests highly financialised crony capitalist economies?

It is true that like nearly all authoritarian governments China has outright banned MoE use of Bitcoin and still imposes strict controls on currency/capital flight.

The US appears to be leading a much more sly and sophisticated response which is to allow use of Bitcoin as a speculative commodity while obstructing use as a MoE. ETFs and Treasuries concentrating custody do enhance the potential effectiveness of any future ban on private custody and reinforce the narrative of Bitcoin being a speculative commodity as opposed to a P2P payments protocol.