US Plans to Use Crypto to Erase $35T Debt — Putin Advisor
At the Eastern Economic Forum in Vladivostok on Sept. 7, Anton Kobyakov, a senior adviser to Russian President Vladimir Putin, claimed that the United States is preparing to use cryptocurrency to wipe out its $35 trillion national debt.
Speaking before BRICS leaders, Kobyakov alleged that Washington is attempting to “rewrite the rules” of both the gold and crypto markets to its advantage. He argued that part of the U.S. debt will eventually be shifted into stablecoins, after which the government could deliberately reduce their value—effectively shrinking what it owes while passing the cost to the global economy.
“Put simply: they have a $35 trillion currency debt, they’ll move it into the crypto cloud, devalue it—and start from scratch,” Kobyakov said. He warned that this approach would push the world into what he called the “crypto cloud,” reducing trust in the dollar and reshaping financial systems.
Drawing historical parallels, Kobyakov compared the potential move to two earlier resets in U.S. monetary history: the 1930s abandonment of the gold standard during the Great Depression, and President Nixon’s 1970s decision to end the dollar’s final link to gold. In his view, America is preparing for a third reset—this time through digital assets.
