In interview's with Fedi's Obi, he imagines custodians of a fedimint to be trusted community members. However, I think the Canadian Truckers were a good example, if it was a 3 of 5 multisig, only 2 should have been within Canada's borders. This was not the case, Bitcoin was seized.

I am confident free markets will eventually find the correct custodial-jurisdictional arrangement, in a Darwinian manner.