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Traceable Isn't the Same as Stoppable The breathless argument that blockchain transparency makes digital assets ripe for interception overlooks a rather inconvenient detail: courts have rules governing how evidence is presented. A recurring media narrative insists that because every Bitcoin transaction is logged on a public ledger , the whole enterprise of digital currency is essentially an open book — traceable, blockable, and therefore manageable by the right combination of private investigators, blockchain analytics firms, and nervous corporations . The implication is that this traceability makes digital assets fundamentally less sovereign than their proponents claim. It's a tidy argument. It's also missing about half the legal picture. Yes, the blockchain is public. Yes, sophisticated tools exist to cluster wallet addresses, map transaction flows, and probabilistically attribute holdings to real identities . Companies like Chainalysis have built entire...