> The US wielding the sanctions banhammer the way they have been recently will only weaken its power over time and create opportunity for economic rivals like China.

China is not party to the Rome Statute, just like the US and Israel, I would expect they would retaliate against the ICC if the ICC issued an arrest warrant for Xi Jinping.

> Every time they (mis)use it they create incentive for people to create alternatives to the US financial system.

I think the ICC has much bigger credibility issues trying to impose jurisdiction over conflicts involving countries that are not parties to the Rome Statute.