Blockchain mempool transparency fuels Maximal Extractable Value (MEV), where attackers can front-run, back-run, and reorder transactions as soon as they appear. Encrypted mempools aim to delay the release of information until block commitment, yet nearly all existing designs rely on a trusted decryption committee. This creates two structural problems. First, committee members hold decryption material by design, so a colluding threshold can reconstruct the decryption key and learn transactions be