mount -t xfs -o defaults,noatime,allocsize=64k,inode64 /dev/mapper/MyCrap /home/username/MyCrap
Write data to your new filesystem, then sync and dismount.
echo "I know you dont need sync, this is not why you think."
sync && umount /home/username/MyCrap
cryptsetup remove /dev/mapper/MyCrap
losetup -d "${LOOP}" # maybe save this in a lockfile / pidfile.
To find the next available loop device:
Make a sparse file, size being how big you want it. Add your new file to the loopback device. Optional: See what ciphers give you what speed on your hardware. AES (rijndael) may be fastest due to hardware offloading. Serpent may be strongest. Set up encryption for the loop device, CIPHER being what cipher you want. Avoid defaults unless you only care about speed. Then format your encrypted loopback with whatever filesystem suites your fancy. Mount your shiny new filesystem Write data to your new filesystem, then sync and dismount.