Sam Sutton

POLITICO Morning Money. Formerly POLITICO New Jersey. Bay Area native. RTs and Likes ≠ endorsements. email: [email protected] Signal: 925.216.7576

[Jacob Wendler @jacob_wendler]

NEW: We got our hands on the discussion draft of Obernolte and Trahan's forthcoming AI bill. Read the text below 👇

https://t.co/k1c1y38OFS

w/ @__gabbymiller @BrendanBordelon @meredithllee

[Shlomo Schorr @OneJerseySchorr]

As backlash to the construction of large-scale data centers continues to grow, the New Jersey Economic Development Authority tells @glorioso4ny it is suspending further efforts to award the remaining $250 million in state tax credits available under Next New Jersey Program – AI in an effort to "ensure data centers operate responsibly and within strong, transparent guardrails."

[Michael Kruse @michaelkruse]

Catching up to what @alexanderburns wrote about @JDVance and @spencerpratt. https://t.co/WvWydunhss

[POLITICO @politico]

EXCLUSIVE: Trump signed an AI executive order with less-advanced government scrutiny than the White House initially had been set to impose.
https://t.co/Wh1vbIBiq6

[Jonah Allon @JonahAllon]

every DC-based political operative bio is like: “Strategist. Storyteller. Girldad. Fighter of good fights. Lives on a diet of coffee and red wine, but usually not in the same cup 🤫. Always down to yap about redistricting. Hook ‘em 🤘”

[Sam Sutton @samjsutton]

https://t.co/SlRdjsKUx1

[Declan Harty @declanharty]

“This is kind of a new world. ... Are [the banks] built for this? It doesn’t look like it, but I’m not going to count them out.”

Wall Street is preparing for its last stand in an already bruising lobbying battle over a watershed crypto bill. Today's MM: https://t.co/vWIBCsPp6m

[Sam Sutton @samjsutton]

The problem with saying "things will get better soon" is that, eventually, voters won't buy it. https://t.co/s39asRVZEi

[Robert Faturechi @RobertFaturechi]

New: A top White House aide intervened to get a $620 million Pentagon loan for a company tied to Donald Trump Jr.

“The call came from the White House: We have to get this done,” said one person involved.

https://t.co/duvJ0cQ9bH

[Declan Harty @declanharty]

"Cultural reform, which includes rectifying what happened to us, should be the highest priority.”

Wall Street's top derivatives regulator has signed onto a bid from Tyler and Cameron Winklevoss's crypto company to vacate a 2025 settlement.

https://t.co/OXFoojLUhV

[Jacob Wendler @jacob_wendler]

Federal prosecutors charged a Google engineer for alleged insider trading about popular internet searches on Polymarket. Comes after DOJ/CFTC charged a U.S. soldier last month for allegedly insider trading on Maduro ouster on Polymarket.

via @declanharty

https://t.co/nW5oN1IDN3

[Sophia Cai @SophiaCai99]

New: There are three main camps in the White House on AI, w/ @diana_nerozzi
- David Sacks wants little/no regulations
- Pete Hegseth & Emil Michael want more barriers for Mythos-type models
- Susie Wiles & Scott Bessent are in middle ground camp (giving USG voluntary first glance)

[Sam Sutton @samjsutton]

https://t.co/TOiHCVpBJg

[Sam Sutton @samjsutton]

New from me and @mstratford on Trump's order to debank undocumented immigrants, and the chilling effect on Latino voters who were key to his 2024 coalition. “Our vote is won with respect ... And we are looking at who is respecting us.”

[Jasper Goodman @Jasper_Goodman]

Sen. Elizabeth Warren and Rep. Maxine Waters have partnered with Republicans in their respective chambers — instead of each other — on a landmark housing bill

https://t.co/hmmVtnmPpo

[Michael Kruse @michaelkruse]

“You can’t underestimate the psychological impact of endorsing against Cornyn like that,” says @riccimike. https://t.co/YKIGJd7Sce

[Sophia Cai @SophiaCai99]

NEW: Scott Bessent and national cyber director Sean Cairncross clashed in the early stages of drafting the AI EO:
- Bessent felt Cairncross wasn’t moving fast enough to address risks to critical infrastructure and the financial system.
- They also disagreed over their respective lanes.
- When Treasury CIO Sam Corcos requested access to Mythos in April without going through the interagency process, Cairncross questioned Corcos’ role.
w/ @johnnysaks130 @mstratford @cheyennehaslett
https://t.co/qrSD1OrdYm

[Terrence T. McDonald @terrencemcd]

The NJ-SPJ has honored Matt Arco's memory by naming their award for best coverage of state government after him ❤️

Congrats to @johnsb01 for being the first to receive it

[John Sakellariadis @johnnysaks130]

New: Multiple Trump admin officials are concerned National Cyber Director Sean Cairncross is not the right man to lead on their AI security efforts.

W/@cheyennehaslett @samjsutton @aarontmak and @delizanickel

https://t.co/c8KObVfhVl