Jacob King: U.S. government wants stablecoins to expand for future crisis blame

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Stablecoin expansion as crisis scapegoat

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Daria Chernytska

16.04.2026

Jacob King: U.S. government wants stablecoins to expand for future crisis blame — Stablecoin expansion as crisis scapegoat

Jacob King claims the U.S. government is allowing stablecoins like Tether to grow in size with an ulterior motive. According to King, authorities intend to use these assets as scapegoats in the event of a major market crash, similar to how the Bernie Madoff Ponzi scheme was cited in past financial crises.

King's statement suggests a belief that officials are knowingly permitting potentially fraudulent stablecoins to expand, preparing to attribute systemic failures to them if a collapse occurs.

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King has previously commented on high-profile fraud cases, including the arrest of CoinDCX co-founders by Indian police in connection with investor losses. He has also tracked sharp market movements, such as the 5% drop in gold and 10% drop in silver prices as rate cut expectations faded. His statements frequently address risk and regulatory oversight in financial markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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