Aaron Iovine spent just eight months at Celsius Network
Lawyer joined banking giant’s regulatory group this week
JPMorgan Chase & Co. has hired a new head of digital assets regulatory policy, less than a month after CEO Jamie Dimon told lawmakers that cryptocurrencies are “decentralized Ponzi schemes.”
Aaron Iovine joined the company this week as executive director for digital assets regulatory policy, a newly created role, a JPMorgan spokeswoman confirmed. He was previously head of policy and regulatory for cryptocurrency lender Celsius Network Ltd., whose bankruptcy filing has roiled the digital asset market.
JPMorgan is looking to build out its policy ranks in the evolving digital asset space amid increased regulatory scrutiny and a downturn in cryptocurrency values.
Iovine didn’t respond to a comment request.
Dimon and other JPMorgan executives have been vocal critics of digital assets.
Dimon’s “Ponzi schemes” comment came Sept. 21 in congressional testimony, during which he...
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