Putin Advisor Claims US Plans Crypto Scheme to Eliminate $35T Debt

Anton Kobyakov, a senior adviser to Russian President Vladimir Putin, has alleged that the United States is devising a cryptocurrency-based strategy to erase its $35 trillion national debt. Speaking at the Eastern Economic Forum in Vladivostok, Kobyakov accused the US of attempting to rewrite the rules of the gold and cryptocurrency markets to address its financial woes.

The US national debt now exceeds $37 trillion, having doubled over the past decade and grown tenfold since 1981. Kobyakov warned that Washington plans to shift this debt into USD-denominated stablecoins, effectively devaluing its obligations and allowing the country to 'start from scratch.' This move, he claimed, WOULD force the global economy into what he termed a 'crypto cloud.'

Drawing historical parallels, Kobyakov compared the current situation to the Great Depression-era monetary policies and President Nixon's 1971 decision to abandon the Gold standard. The advisor's remarks highlight growing geopolitical tensions surrounding cryptocurrency's potential role in reshaping global finance.