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Market News

Putin’s Advisor Claims US Wants to Wipe $35 Trillion Debt Using Crypto

Written By Iyiola Adrian Iyiola Adrian
Fact Checked by Jahnu Jagtap Jahnu Jagtap
Published September 8, 2025 10:06 PM·Updated 9 months ago
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Putin’s Advisor Claims US Wants to Wipe $35 Trillion Debt Using Crypto

Anton Kobyakov, a senior advisor to Russian President Vladimir Putin, has warned the world that the United States is preparing to use cryptocurrency to erase its $35 trillion national debt.

Kobyakov explained this remark in detail during the Eastern Economic Forum in Vladivostok on Sept 7, where BRICS leaders joined an online meeting to talk about new tariffs from President Donald Trump’s administration.

America’s $35 Trillion Debt and a Digital Escape

He told the forum that Washington is now trying to change the rules of both the gold and the cryptocurrency market. He explained that these two areas have grown as alternatives to the traditional money system, and said that America plans to use them to its own advantage. “

The U.S. is now trying to rewrite the rules of the gold and cryptocurrency markets. Remember the size of their debt—35 trillion dollars,” Kobyakov said. 

The advisor claimed that part of this debt will eventually be moved into digital tokens known as stablecoins, and once that happens, the United States will find ways to reduce its value, making it worth less than before.

He warned that America’s plan is to push the world into what he called the “crypto cloud.” By moving debt into this new digital space, Washington could lower the value of what it owes while shifting the cost to the rest of the world.

“Put simply: they have a $35 trillion currency debt, they’ll move it into the crypto cloud, devalue it—and start from scratch,” Kobyakov explained. He added that the main goal of this plan is to address the falling trust in the dollar.

From Gold to Crypto: A New Reset in the Making

Kobyakov also compared the current situation to earlier turning points in U.S. financial history. 

In the 1930s, during the Great Depression, America left the gold standard to stabilize its economy, which at the time, changed how money was valued. In the 1970s, President Richard Nixon cut the last ties between the dollar and gold, which created the paper money system we use today.

According to Kobyakov, the United States is once again preparing to reset the system, but this time it will be done through digital assets. 

“As it was in the 30s and 70s, the U.S. plans to solve its financial problems at the world’s expense—this time by pushing everyone into the cryptocurrency cloud,” he said.

Also Read: SEC extends deadline on Canary HBAR ETF decision to November

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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