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Crypto

Warren says CLARITY bill helps criminals, cartels and fails to stop Trump profiting

A dispute over the U.S. Senate’s digital asset regulation bill, the CLARITY Act, is intensifying again. Democratic Senator Elizabeth Warren criticised the bill, saying it would make it easier for criminals, cartels and terrorists to move money and raise funds, and would not properly protect investors or the financial system. She also said it fails to prevent President Donald Trump from profiting from crypto. Republicans say revisions include an ethics clause banning federal officials and their families from issuing or sponsoring digital assets.

Crypto

Goldman Sachs CEO publicly backs U.S. Clarity Act, diverging from banking industry

Goldman Sachs CEO David Solomon has formally voiced support for the U.S. Clarity Act, saying it can help create fair competition and promote market stability and development. The bill aims to clarify oversight between the SEC and CFTC and reshape digital asset regulation. Major banking and finance groups, including the American Bankers Association, warned stablecoin provisions could shift insured deposits to digital asset platforms and reduce community banks’ lending capacity. Opposition has also spread beyond banks.

AI & Enterprise

Apollo says no clear evidence yet AI is cutting jobs

Apollo Global Management chief economist Torsten Slok said there is no evidence so far that AI is reducing jobs. Citing the ADP National Employment Report, he said private-sector employment is still rising and companies are hiring workers needed to adopt AI. He wrote that demand for AI implementation specialists is increasing and data center expansion is pushing up wages for AI talent and prices for semiconductors, equipment and energy.