AsianFin -- A top advisor to Russian President Vladimir Putin has accused the United States of attempting to manipulate cryptocurrency and gold markets in order to manage its ballooning debt, now topping $35 trillion.

Speaking at the closing press briefing of the Eastern Economic Forum in Vladivostok, Anton Kobyakov, Deputy Chairman of the Organizing Committee and Putin’s advisor, claimed that Washington is trying to “rewrite the rules” of both markets.

“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. These two sectors are essentially alternatives to the traditional global currency system,” Kobyakov said, according to a translation by Russia Direct.

He added that U.S. actions highlight “one of its main goals: to urgently address the declining trust in the dollar.”

Kobyakov suggested that Washington could ultimately move parts of its debt into stablecoins, before deliberately devaluing it to ease its financial obligations.

The remarks reflect Russia’s longstanding criticism of U.S. monetary dominance and highlight growing geopolitical tensions as alternative financial systems—such as gold, crypto, and central bank digital currencies—are increasingly framed as competitors to the U.S. dollar’s global role.