Cold wallets no longer as secure?

I remember hearing a controversy over cold wallets updating their firmware/policy where (I think they were forced) they allow government agencies to seize crypto assets, even if you keep your crypto off exchanges. When in previous years cold wallets were 100% iron clad that no one could take.

So it leaves me to wonder, what's even the point of a cold wallet anymore if it could be seized? I'm guessing it's now the way all cold storage methods work and they're all susceptible to seizure if a government agency sees fit that you owe them, or as some penalty.

I know that the chances of that happening is very unlikely unless you're doing something you shouldn't be doing.

The other reason I ask is also another unlikely scenario that's has been speculated is if the US government decides it want's to implement new policy/law to make owning crypto more difficult, or impossible, be it heavier fees, or not allow exchanges to register accounts in the US.

None the less, is there no work around having keys that are unobtainable by anyone, or is it just the way it is now?