It sounds like a democracy, with voting by nodes.

Miners dont validate the rules of the chain? Are you sure?

But in general, they don't. Excepting some pariah nations.

There's only a couple of major miners. 5? 3? And they're large companies, with millions of dollars of assets (mining equipment). There's a hell of a lot less miners than there are banks, and banks are compelled to do stuff all the time.

Really? If we assume that the "redirected ownership" is backed by a court order, which chain would law-abiding businesses follow? Like Coinbase, Greyscale Trust, the government itself with its seized coins, etc, etc.

Who determines the value of the coins on a chain? The businesses that exchange them for dollars, goods, services, or the hobbyists at home?

Could the 3 majority miners be compelled to implement the "redirection"? What would happen to the chain if there were no large miners?