The Real Story of Crypto

 

.@ben_mckenzie on how crypto helps criminals and hostile states evade sanctions — and how Commerce Secretary Howard Lutnick profits from it. #theweeklyshow #jonstewart #politics pic.twitter.com/cVzlhiq5ST

— The Weekly Show with Jon Stewart (@weeklyshowpod) April 15, 2026

 

So...besides enabling ransomware, and significantly contributing to global warming, crypto corrupts our government.

 JFYI, China has outlawed crypto mining. 

Update: Bitcoin Gets A Dark Money-Backed Assist In Congress

Veronica Riccobene, Apr 13, 2026 [The Lever]
 

Bitcoin’s secret backers celebrate a bonanza. A dark money pro-cryptocurrency influence group with deep ties to Trumpworld is lauding a new Senate bill codifying President Trump’s plans for a crypto-boosting strategic Bitcoin reserve and onshoring Bitcoin mining. The Lever’s Freddy Brewster reports that the Satoshi Action Fund — a 501(c)(4) group that does not disclose its donors — has shared top personnel with the Koch network of right-wing think tanks and dark money nonprofits. That includes the Heritage Foundation, which published the Project 2025 plan to overhaul the government under Trump. An executive with the pro-Bitcoin group even wrote the Project 2025 chapter on dismantling the Environmental Protection Agency. A federal Bitcoin stockpile could boost the crypto token’s value to nearly $1 million a token, more than 10 times its current value — a massive giveaway to the largest Bitcoin owners, two percent of whom own more than 90 percent of all of the currency in circulation. The new bill was co-introduced by Sen. Cynthia Lummis (R-Wyo.), who is not seeking reelection after serving a sole term as a senator, during which she bestowed the title of “the Senate’s first and finest bitcoiner.”