Former Celsius Exec Hired By JPMorgan as Head of Crypto
Source: iStock/danielvfung Aaron Iovine, a former executive at bankrupt crypto lender Celsius (CEL), has found a new job, joining U.S. investment bank JPMorgan Chase & Co as the company’s executive director of digital assets regulatory policy. Iovine previously served as the head of policy and regulatory affairs at Celsius, which he left in September following an eight-month stint. A spokesperson for JPMorgan confirmed that he was hired, but declined to disclose additional details, Reuters reported. It is yet to be seen how Iovine will cooperate with his boss, Jamie Dimon, the chairman and CEO of JPMorgan, who recently told the U.S. Congress that cryptos were “decentralized Ponzi schemes”. With this statement, the executive confirmed his reputation of a crypto-skeptic willing to go to lengths to criticize the crypto industry. At the same time, Dimon said that he accepts the added value of blockchain, decentralized finance (DeFi), “to...