I've thought about this too - and if you set up your IRA right you still have self-custody. If it comes to this and I 'owe' 40% of my savings, I'll probably take a permanent vacation out of the US before complying. And I suspect many others will do the same.
This is tricky. The rules are sketchy and IRS “could” claim since you took custody that its no longer sheltered. I had this EXACT conversation with a senior manager at Bernstein. Swan offers a custody solution for a fee Unchained offers a self custody option that id be more comfortable with now that the political landscape has shifted towards btc friendly policy. None of this has been tested yet. 👊🏻🍻🧡
Interesting and thank you - I was unaware of that while in the process of setting up a 'Roth' Unchained. I would think eventually the law will have to face the realities of self-custody and the implications thereof. But that doesn't change my sentiment nor potential vacation plans. 🤣