{"id":46564,"date":"2025-09-09T14:01:32","date_gmt":"2025-09-09T14:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=46564"},"modified":"2025-09-09T14:01:32","modified_gmt":"2025-09-09T14:01:32","slug":"crypto-cloud-reset-putin-adviser-accuses-us-of-plot-to-erase-35-trillion-debt","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=46564","title":{"rendered":"\u2018Crypto Cloud Reset\u2019: Putin Adviser Accuses US Of Plot To Erase $35 Trillion Debt"},"content":{"rendered":"
\n

A senior adviser to Russian President Vladimir Putin has alleged that the United States is preparing to use cryptocurrencies \u2014specifically US dollar stablecoins\u2014alongside gold to \u201cdevalue\u201d and ultimately reset its towering national liabilities. Speaking at the Eastern Economic Forum in Vladivostok, Anton Kobyakov framed crypto and gold as \u201calternative currencies\u201d to the dollar-centric system and argued that Washington aims to harness them to address what he called a crisis of confidence in the greenback.<\/p>\n

\u201cRight now, the United States is trying to change the rules on the gold and cryptocurrency markets. Just think about their debt \u2013 $35 trillion. These are two alternative currencies to the global market,\u201d Kobyakov said.
\nHe added: \u201cWashington\u2019s actions in this direction clearly demonstrate one of the main American goals. They want to solve the problem of lowering the dollar\u2019s trust. The United States, as it was in the 1930s and 1970s, will solve its financial problems at the expense of the whole world, driving everyone into the cryptocurrency cloud.\u201d<\/p>\n

Kobyakov\u2019s most arresting claim was operational: \u201cOver time, when part of the US government debt is placed in stablecoins, the US will devalue this debt. In other words, they have a $35 trillion debt, they drive it into the cryptocurrency cloud, devalue it and start from scratch.\u201d The remarks, which were circulated by Russian state-adjacent outlets, did not include a detailed mechanism for how \u201cplacing\u201d sovereign obligations into stablecoins would alter their real value.<\/p>\n

\n

Russia just accused the US of using crypto to wipe out its $35T debt.<\/p>\n

Putin\u2019s adviser Kobyakov says Washington will shove debt into stablecoins, devalue it, and reset the system.pic.twitter.com\/IwmiLYp2ic<\/a><\/p>\n

\u2014 TFTC (@TFTC21) September 8, 2025<\/a><\/p>\n<\/blockquote>\n

Can Bitcoin And Crypto (Stablecoins) Erase The US Debt?<\/h2>\n

The accusation lands amid two relevant backdrops: a US debt load now measured in the mid-$30 trillions and a fast-expanding stablecoin and tokenized-Treasury ecosystem that nonetheless remains orders of magnitude smaller than public debt. Treasury data and Congressional dashboards put gross federal debt at roughly $37.4 trillion in early September, with about $30.1 trillion held by the public. By contrast, the entire stablecoin market stands in the high-$200 billions, and tokenized US Treasury products total about $7.4 billion\u2014hardly a platform capable of \u201cabsorbing\u201d sovereign liabilities at scale.<\/p>\n

US policy developments complicate Kobyakov\u2019s narrative in another way. In July, President Donald Trump signed the GENIUS Act<\/a>, the first federal framework for payment stablecoins. The law requires 100% reserve backing in cash and short-term Treasuries and mandates regular public disclosures\u2014design choices that, if anything, tie stablecoin growth to incremental demand for Treasury bills rather than a mechanism for extinguishing US obligations. That is, more regulated stablecoins typically mean more private-sector buying of T-bills to back those tokens, not fewer Treasuries outstanding.<\/p>\n

Kobyakov\u2019s historical analogy\u2014invoking the 1930s and 1970s\u2014references episodes when US authorities changed the monetary regime: FDR\u2019s dollar devaluation against gold in 1933\u201334 and Nixon\u2019s 1971 closure of the gold<\/a> window. But translating that precedent into a \u201cstablecoin devaluation\u201d is tenuous.<\/p>\n

Stablecoins are issued by private or specially licensed entities and are designed to be redeemed at par; moving government liabilities \u201cinto\u201d them would neither novate the debt nor change its legal terms. Any genuine devaluation of dollar-denominated debt would still occur via familiar channels\u2014higher inflation, negative real rates, buybacks at discounts, or maturity transformation\u2014not by wrapping the debt in token form.<\/p>\n

Beyond the stablecoin debate, Washington has already sketched an alternative pathway: a Strategic Bitcoin Reserve. On March 6, 2025, the White House issued an executive order establishing a federal bitcoin reserve alongside a US Digital Asset Stockpile to manage government-owned crypto (largely from forfeitures) on a long-term, \u201cbudget-neutral\u201d basis<\/a>; companion legislation\u2014the BITCOIN Act introduced in both chambers\u2014would codify governance and disclosure rules.<\/p>\n

US President Donald Trump himself has floated the idea in blunt terms. In an Aug. 2024 Fox Business interview with Maria Bartiromo, he mused: \u201cWho knows? Maybe we\u2019ll pay off our $35 trillion, hand them a little crypto check, right? We\u2019ll hand them a little Bitcoin and wipe out our $35 trillion.\u201d The remark was rhetorical rather than an operational plan, but it prefigured the administration\u2019s March 6, 2025 executive order<\/a> establishing a Strategic Bitcoin Reserve.<\/p>\n

At press time, Bitcoin traded at $113,237.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

A senior adviser to Russian President Vladimir Putin has alleged that the United States is preparing to use cryptocurrencies \u2014specifically US dollar stablecoins\u2014alongside gold to \u201cdevalue\u201d and ultimately reset its towering national liabilities. Speaking at the Eastern Economic Forum in Vladivostok, Anton Kobyakov framed crypto and gold as \u201calternative currencies\u201d to the dollar-centric system and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-46564","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46564"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46564\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}