Crypto lending platform Celsiushead of policy and regulation Aaron Iovine, JPMorganjoined the staff.
The lawsuit of crypto lending platform Celsius is in full swing. The domino effect, especially in the management staff, was enough to make the community nervous. In light of recent events, Celsius is working hard to get cleared. The departure of Celsius CEO has brought with it exits on the management side. As one of them, Iovine also left the team.
As Celsius Loses Blood, JPMorgan Gains Strength
Case-worn, Celsius continues to bleed. Aaron Iovine, head of policy and regulation for the lending platform, will now work for JPMorgan.
Aaron Iovine joined JPMorgan as the managing director of digital asset regulatory policy. Iovine spent about eight months in his Celsius career. He also previously served as a manager at credit institution Cross Bank River.
The role Iovine will take in his new company highlights JPMorgan’s focus on digital assets. JPMorgan CEO Jamie Dimon was on the agenda with some negative statements. A week after these statements, he approved the new hire.
Although there has been a new business development, Iovine has yet to break away from the crypto company. Iovine’s name is also on the list of those he will receive from the company.
