JPMorgan hires former Celsius executive as new head of crypto asset regulation policy

The giant JPMorgan has recruited Aaron Iovine, the former head of regulatory policy at the failed crypto platform Celsius to a similar position.

The US financial institution is interested in the tokenization of traditional finance but regularly tackles cryptos. Last month, before the US Congress, its CEO Jamie Dimon slammed digital assets like Bitcoin as “decentralized Ponzi schemes.”

On the other hand, the misfortunes of some struggling crypto-companies are actually doing the business of some companies like Binance, FTX or JPMorgan who are looking to recruit the talent doomed to leave the failing companies in the crypto sector currently in the middle of a bear market.

Many employees in the blockchain and crypto sector have indeed lost their jobs due to a very rough crypto bear market that has put many companies in the sector in trouble including Nuri, NYDIG, Voyager Digital, Robinhood, Coinbase, Bybit, Huobi, Bitpanda, CoinFLEX, Blockchain.com, OpenSea, Banxa, Compass Mining, or Gemini.

Aaron Iovine only worked for 8 months for the crypto lender Celsius, which was declaring bankruptcy this summer and whose assets are to be auctioned off this week. He was leaving the company, formerly headed by Alex Mashinsky, in September.