Since the last Photoshop update(22.3.1), there is a problem when pasting in Photoshop from Illustrator.
If you have selected graphics and images in Illustrator, and paste as Path in Photoshop it comes with the message " Could not complete the Paste command because the clipboard data is empty or invalid.", while previously all the images used to be paste as paths (rectangle frame).
Mac OS Mojave Version 10.14.6 (3.5 GHz 6-Core Intel Xeon E5)
Illustrator 25.2.2 Photoshop 22.3.1
In addition, I am also a User of M1 MacBook Pro with BigSure (latest version) where the clipboard between the same two versions of Illustrator and Photoshop doesn't work at all...so I had to go back to Version 22.2 for Photoshop to make it work again. In general, looks that something happened with the clipboard....so I hope Adobe will solve it soon.