Elizabeth Warren Drafting Bill to Track Transactions to Private Crypto Wallets: Report | Decrypt
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> **new bill to ensure crypto isn’t used by Putin and his cronies to undermine our economic sanctions.**
Her problem is not that Americans would still do business with Russians. Her problem is that non-Americans certainly will.
In fact, Warren wants to institute a policy similar to **Napoleon’s Continental Blockade** (against England). As I will explain below, Warren dangerously lacks game-theoretical insight.
The result of Napoleon’s Continental Blockade were the **Seven Coalitions against Napoleon**, joined by every outsider whom Napoleon had tried to coerce into joining his Continental Blockade.
Napoleon predictably lost the **Coalition Wars** because he had systematically turned every neutral outsider into a ferocious enemy.
In principle, the USA have no say over, for example, **Binance**, because it is not an American company. Still, just like every neutral outsider, Binance will be bullied by the US government into choosing between cooperating with their sanctions or else shielding underneath Putin’s nuclear umbrella.
Game-theoretically, **it simply does not make sense to cooperate with the US government** because they will obviously lose their own Coalition Wars.
Just like Britain became the leader of the anti-Napoleonic Coalitions, Russia will become the leader of future **anti-American Coalitions**.
Putin will eventually succeed with his strategy of challenging the USA’s hegemony and thereby gain geopolitical power to an extent beyond his wildest imagination.
Putin will spectacularly win his seemingly dangerous bet, because someone like **Warren, or Biden, are game-theoretically at best mediocre adversaries**.
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