Banking giant JPMorgan Chase appointed former Celsius executive Aaron Iovine as its director of Digital Assets Regulatory Policy.
Iovine was previously the head of Policy and Regulatory Affairs at Celsius. He left the bankrupt crypto lending company in September after working there for eight months.
He will now work with JPMorgan’s regulatory affairs group as part of the newly created position of crypto policy head.
JPMorgan also advertised an open position for a “Digital Assets Counsel” for its corporate bank in New York.
Interestingly, the news came a month after JPMorgan’s CEO, Jamie Dimon, stated cryptocurrencies were “decentralized Ponzi schemes'' during his congressional testimony. Dimon has been a critic of cryptocurrencies for quite some time, calling himself “a major skeptic on crypto tokens.”
However, in a recent event, the CEO of JPMorgan praised blockchain technology, citing its usefulness could “disintermediate” certain aspects of banking.
