First and foremost, only a small portion of cryptocurrency is used for illicit activity, far less than what we see in traditional finance, which the United Nations says could account for up to 5% of global GDP. According to analytics firm Chainalysis, money laundering accounts for less than 0.5% of all cryptocurrency transaction flows. That figure has also been steadily declining over time. Even as cryptocurrency use grows in 2023, crypto money laundering has fallen from $31.5 billion in 2022 to $22.2 billion in 2023. No significant amount of illicit activity is acceptable, but singling out cryptocurrency as the villain is both inaccurate and tiresome.