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Goldman Sachs CEO David Solomon is breaking ranks with Wall Street by backing the Crypto Clarity Act, putting him at odds with JPMorgan's Jamie Dimon and major banking trade groups. The sticking point is a stablecoin provision that critics say could pull deposits away from traditional lenders — a real structural concern, not just turf protection.
That bill may not get far soon, though. Senate Majority Leader Thune says the Crypto Clarity Act is likely to miss its window before Congress scatters for summer recess. It could get a procedural start before then, but meaningful movement on crypto market structure legislation now looks like a fall story at the earliest.
Meanwhile, Meta is running a broad pro-AI advertising campaign with a notable gap at its center — it wants the public to reject AI doomerism, but offers remarkably little about what its own AI actually does or why people should trust it. The campaign is long on mood and short on substance, which may say more about the current state of public AI skepticism than any single product announcement.
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