Cryptocurrencies like Bitcoin are digital money, but they're causing some big problems! They're used for bad things, and using lots of energy isn't good for the planet. Some people say crypto helps everyone, but that's not always true.
- Crypto is used in scams and for paying hackers.
- Mining crypto uses a lot of energy, harming the environment.
- Crypto companies spend lots of money on politics to influence laws.
- Many crypto firms are breaking laws, but some are getting away with it.
| Fact | Number |
|---|---|
| Money lost to crypto scams in 2023 | $5.6 billion |
| Percentage of US electricity used by crypto mining in 2023 | 0.6% - 2.3% |
| Money spent by crypto SuperPAC in 2024 | $172 million+ |
| SEC win rate in crypto lawsuits | >95% |
