I suspect a loose pedal is more likely to be caused by a cracked crank than the other way round.
The thing is, the story has a cause and a consequence, question is what is what.
It's said that a pedal tightens (further) due to pedaling (thread direction).
It's also said that a losely mounted pedal can turn abit forth/back in its mount, causing the steel of the pedal to fret out the aluminium of the crank, which results in cracks that subsequently grow, and worsen this process.
Now, my case may be "special", because I ride a fixed gear and have the habit to slowdown/brake by pushing back. Maybe there is some truth in both.