Many ATOM stakers are in the US and they do indeed “need to acquiesce to one government,” i.e., their own.
Whether ATOM is a currency is an entirely separate issue from whether NTRN is a security. Even if ATOM is deemed a currency, it in no way guarantees that “the Cosmos ecosystem” at large is also a currency.
What NTRN proclaims itself to be may not be what it is; what matters is not the proclamations but the substance. I encourage you to review securities case law to see what has been deemed a security even though its issuers have called it all sorts of other things. For example: in Howey, a private company was offering fractional plots of an orange grove to investors. Since these investors did not control what happened on the orange grove, SCOTUS ultimately ruled that these plots of orange grove were being sold as securities, even though they were proclaimed to be land/property. What matters in a securities designation is not the surface but the substance.
Gensler being removed from office will not change the fact that securities regulations prohibit NTRN from being on US shores. Even if we have a pro-crypto SEC and Congress (which we won’t until after next election, at minimum), what NTRN substantially is does not change: it’s an unregistered security and its use of ICS implicates the Hub in securities issuance.
NTRN should be removed from ICS until the Hub is able to procure legal counsel so that stakers can make a truly informed decision about the risks they are taking.