Former Celsius Exec Joins JPMorgan As Director of Crypto Regulatory Policy

Former Celsius executive Aaron Iovine has joined JPMorgan Chase & Co as executive director of digital assets regulatory policy, according to his LinkedIn profile, days after the bank's Chief Executive Jamie Dimon blasted cryptocurrencies as fraud and decentralized ponzi schemes. Reuters reports: Iovine was head of policy and regulatory affairs at bankrupt crypto lender Celsius, which he left in September after an eight-month stint. Celsius filed for bankruptcy in July, as risk assets including bitcoin were crushed by monetary policy tightening. Crypto markets were also squeezed by the collapse of major tokens TerraUSD and Luna in May. Mr. Iovine said he has "focused on developing policies that foster responsible innovation while emphasizing consumer protection and regulatory oversight" and has worked on issues related to crypto licensing, anti-money-laundering requirements and cybersecurity standards.

Read more of this story at Slashdot.