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I would like them try. This will nuke their own currency first. How do you ban ownership, mining and transactions, exactly? There are other countries in the world besides the US. They will continue mining uncensored version, effectively forking the blockchain. The US will be left with coins that no one wants.
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Powerful Nation State-
If COVID can take Bitcoin to four digits, I seriously think this could as well. Could even be net profitable.
The US could do this and no other country would give a shit (China and Russia aren't going to swoop in).