Failed cryptocurrency lender Celsius founder has been arrested in the past day.

I am writing about this because it has been the theme I have focused on in my learning and review of the overall state of cryptocurrency. This, along with most of my posts have to do with my thoughts regarding the path forward for cryptocurrency to move more mainstream and safer for investors. We need to get rid of the fraudsters and cheats in the industry (yes, for you negatives fiat also has this and they do a better job keeping investors safe as well), we have to have rules and regulations in the industry. As I, and many posted about yesterday the legal precedent that labeled XRP Ripple a commodity on exchanges went a long way to build consumer confidence.

The founder of Celsius, Alex Mashinsky was arrested for fraud. You can find one of many articles about it here:https://www.cbsnews.com/news/celsius-founder-alex-mashinsky-arrested-charged-with-fraud/

He was charged with seven criminal counts that included commodities, securities and wire fraud. 

I personally am not happy when and individual is charged per se, but I am happy that when people harm others, they are held accountable for their actions. If he is convicted of a crime or crimes, he should be punished. 

I am writing to inform others that may not read much about cryptocurrency on a small scale. I make sure my posts are short and to the point. I also write to follow and document my own learning path as I continue to become more informed about cryptocurrency in general.

As these negative news items continue, it may create short term problems for cryptocurrency as a whole, but in the long term it will build psychological confidence in cryptocurrency as a whole.

ON with the paring of the fraudsters to ensure safe and fair opportunities for the future of cryptocurrency.