Interesting video. The sad part is that the current state of affairs seems to be like they have no idea what is going on. You've got a border crisis that is allowed to continue, and criminals in places like California who are running the show. It could very well be that they are letting all this happen so that they can later say they require total control in order to fix the problem. So it doesn't surprise me one bit.
But the core of the US model and reason for success is rooted in innovation and freedom. Because of how quickly information travels now, I don't think this will ultimately be successful. By going full on dystopian, the US will actually fall into tyranny and turn into North Korea or China. This will literally mean that the US hands over they superpower status to someone else. I just don't think a superpower can remain unless the citizens have freedom and prosperity. So if the US wants to piss away their advantage, it will be their own doing.
Elio stated in the video that he thinks too many developers won't want to leave the US, but I figure there will be many other places that start to look more attractive if the US tightens its grip on freedom and liberty. I have no idea why anyone would want to live in San Francisco based on all the crime videos I see, so if you crack down on crypto and tech innovation, "not wanting to leave" will in fact turn into "can't wait to leave".
Anyway... this is all theoretical, so it doesn't matter much at this point since there are far too many unknowns.