In all of the cases that I know, residency is not synonymous with citizenship. As a US citizen, you can obtain residency in a foreign country without renouncing your citizenship. Expatriates sometimes apply for residency in order to obtain a work permit or avoid other visa hassles etc… The laws are different for each country. That being said, I would recommend inquiring about it with whatever service you are looking at, just to be sure.
Most services do not actively scan IP addresses, with the exception of their homepage or during signup etc… But you can usually use a VPN to bypass this. Once you are signed up, you are usually good to go. You can continue using a VPN, each time, if you are worried.
There are cases where someone’s IP might be erroneously flagged (e.g. geo-location is incorrect, data is getting rerouted or user is trading during flight layover or traveling etc.), so I am sure that they are aware of such cases and will work with you to resolve it in lieu of banning you outright. If you have concerns regarding trading while inside of the United States (while ‘traveling’), just ask about their procedures beforehand. They may just tell you that you cannot trade while inside of the US, though.
Not all countries have reciprocity agreements or treaties with the United States, which can curtail the jurisdictional overreach of some of the regulatory bodies that are trying to bully everyone into compliance. Likely, one of the reasons why so many brokers set up shop inside of St Vincent and the Grenadines, for example, is because St Vincent does not categorize spot forex as a securities product, so it does not fall under securities regulation and does not need additional licensing. Because of this, unless CFTC or other groups can prove that brokers are violating some US law, then St Vincent has little reason to accommodate Memorandum agreements, presumably. Getting brokers to state specific reasoning and their thought process behind servicing US clients may be easier said than done, unfortunately, and without spending a great deal of time researching the subject, I can only speculate. Another reason why I always heavily advocate risk mitigation, even in the form of overall account size.
For these reasons, it makes sense that most unregulated brokers do not require any sort of KYC if you are depositing and withdrawing using cryptocurrency. It might also explain the reasoning why the term ‘resident’ is often used in lieu of ‘citizen’, in an effort to achieve the appearance of compliance and stay off the radar while also keeping the doors open for anyone that wants to trade with them.
Trump has repeatedly advocated repealing the Dodd-Frank Act, so some regulatory efforts may eventually happen to eliminate it, in part or in whole. We can only hope that this long-standing thread may no longer be needed, even as much as we all enjoy each other’s company.
Regarding Coinexx, there is no need to reveal your citizenship to them, as they do not require KCY documents so long as you are using cryptocurrency deposits/withdrawals.
I am not apprised to how TUSD will work. If it is anything like the centralized nature of GUSD, then it can be controlled and will likely not serve the crypto community very well in the long-term. But in such the case as BBOD, the use of TUSD will only be used for trading, as a base currency, according to my understanding.
Fiat-tethered crypto, or stable coins, as you say, help to bridge the crypto-fiat gap and foster wider adoption for cryptocurrency. I also believe that they serve a necessary purpose during this growth period to help preserve valuations during high-volatility fluctuations; they serve as a safe-haven for those with weaker hands.
If accumulating large amounts of crypto matters to you, then depending on your situation, moving to a crypto-friendly country might be worth the consideration. Even for traders here that do not move crypto, there are some countries that offer great tax benefits.
Regarding the IRS, I doubt that they will want to spend time and resources ratting out overseas brokers to the NFA/CFTC for servicing tax-paying, US clients. I am not even sure if that would be legal, especially since the CFTC has no authority over individual traders that trade via brokers outside the reach of US regulation, and requiring the IRS to disclose private tax records in such cases would likely require a court order. The IRS can report to authorized agencies, but I do not know if this would qualify, given that no laws are being broken by the tax payer and I do not know if the CFTC is one of those authorized organizations. The tax disclosure laws may be completely different if trading under a corporation, however.
As US traders, unless something changes, we can continue doing what we are doing so long as we follow the rules by reporting our earnings and paying what we owe. If laws in this country change, prohibiting me from earning a decent living through trading, then my plan to leave this country will only be moved up.