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JPMorgan Adds Former Celsius As Crypto Policy Head

According to Bloomberg Law, Aaron Iovine, Celsius’ former head of policy and regulatory relations, has accepted a new position at JPMorgan as executive director for digital assets regulatory policy.

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Iovine worked for the failed crypto lender from February to September of this year. He formerly held a similar job with regional lender Cross Bank River.

The position at JPMorgan is a freshly established one, revealed just weeks after JPMorgan CEO Jamie Dimon referred to crypto coins as “decentralized Ponzi schemes.” Celsius filed for Chapter 11 bankruptcy in New York in July, and the processes are still underway.

While he appears to be moving on, Iovine appears to have unfinished business with Celsius. Iovine’s name appears in a bankruptcy docket listing unsecured creditors with claims against the corporation.

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Throughout the proceedings, Celsius has spent more than $3 million on legal expenses. Kirkland & Ellis, a legal firm, charged the crypto lender over $2.6 million in fees between July 13 and July 31. Akin Gump, another legal representation, billed the corporation about $750,000 for services between July 13 and August 31.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.