Stablecoins and the Rise of the Global Financial Dragnet

The Blockchain Panopticon Here’s the basic premise pushed by the AML crowd: blockchains are transparent, immutable, and global. That means law enforcement can follow the money like never before. They argue this will help bust human traffickers and ransomware rings. I’m not here to defend criminals. But let’s get one thing straight — this isn’t just about them. In a world where every transaction leaves a permanent, public breadcrumb trail, everyone becomes a suspect by default. No warrant necessary. No due process. Just data — scraped, analyzed, flagged, and weaponized. Blockchain isn’t a neutral tool. In the hands of regulators, it’s a total visibility machine. With stablecoins, that machine gets plugged directly into your daily life. Because what Chatterjee praises…