Does the use of the device transmit a user's IP address, or is it Ledger Live that does that? Yeah I know I'm no noob, but I'm still an ignorant lunkhead when it comes to computer science.
If you are using any wallet without connecting to your own node or server, the server you connect to knows your BTC addresses and IP addresses, so for privacy you have to connect Ledger live to your own node, or you just forget about Ledger live and use Electrum with your hardware wallet and connect to your own Electrum server, this is the only way you get privacy.