Home » JP Morgan hires from Celsius, despite CEO calling crypto-currencies a Ponzi scheme

JP Morgan hires from Celsius, despite CEO calling crypto-currencies a Ponzi scheme

by Thomas

Despite JP Morgan’s CEO calling crypto-currencies a decentralised Ponzi scheme, the bank has just hired the former head of regulatory affairs at Celsius Network. An analysis of the group’s job offers also shows that appearances are not always to be trusted.

JP Morgan is hiring at Celsius Network

While Jamie Dimon, JP Morgan’s CEO, recently made a name for himself by calling crypto-currencies a decentralized Ponzi scheme, ironically his company has just hired a former Celsius Network executive.

Aaron Iovine, previously head of regulatory affairs, will now take on a similar role in his new job, dealing with the regulation of digital assets.

Of course, there is no question of the integrity of this person. However, it is funny that JP Morgan is recruiting from Celsius after the comments of its CEO, while the failed crypto platform is itself subject to serious accusations in the management of its crisis.

According to Reuters, a JP Morgan spokesperson confirmed the hiring, without commenting further.

Trust actions, not words

As we often say, there can be a discrepancy between an institution’s public stance on crypto-currencies, and its actual actions. This is especially true when it comes to JP Morgan.

In addition to the group’s already known activities in blockchain, such as with the Onyx division, it will be interesting to visit the bank’s recruitment site, for example. This will be informative, as typing in the keyword “crypto” brings up eleven job offers in various sectors, including one with a job description that is explicit to say the least:

“Responsible for supporting the Payment Systems Sales Managers (PSM) in sales efforts across the JPMorgan Payments universe and the day-to-day management of client relationships in the Web3, Crypto, Fintech and Metaverse segment. “

The experience is even more blatant if you look at the keyword “blockchain”. Indeed, the JP Morgan Chase recruitment site will then offer us 130 job offers:

Blockchain-related recruitments at JP Morgan Chase

Blockchain-related recruitments at JP Morgan Chase


This shows once again that we should not stop at what is shown on the surface. This is further evidence that the bank, like other major players, has understood the paradigm shift that is taking place and is ready for the future.

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