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JPMorgan Chase 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.”
In addition to hiring Iovine, JPMorgan this month posted an opening for a digital assets counsel position with its corporate and investment bank. Iovine will work with JPMorgan’s regulatory affairs group. Celsius hired Iovine earlier this year from Cross River Bank, a digital asset-friendly regional lender. The company recently brought on Benjamin Melnicki from Robinhood Markets Inc. to be its head of cryptocurrency compliance and regulatory.
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