Anton Kobyakov, an advisor to Russian President Vladimir Putin, claimed that the United States is leveraging cryptocurrency and gold to manage its overwhelming debt, which stands at $35 trillion. Speaking at a forum in Vladivostok, Kobyakov criticized the U.S. for attempting to alter the rules governing these asset classes to alleviate its fiscal burdens at the expense of global trust in the dollar. He suggested that the U.S. might transfer its substantial currency debt into crypto and subsequently devalue it, effectively allowing for a reset of its financial obligations. Kobyakov's remarks indicate concerns over the U.S.'s strategies in the crypto market, especially as the country looks to stabilize its currency market amid declining confidence in traditional fiat systems. The recent legal frameworks established for stablecoins under previous administrations highlight the shift in regulatory attitudes towards digital assets. Despite these criticisms, Russia is also exploring its own stablecoin developments, suggesting a broader interest in cryptocurrency initiatives globally.

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