Welcome to Tech Beat, your daily read on the technology stories that matter.
A U.S. Senate subcommittee is turning up the heat on Tether, with Connecticut Senator Richard Blumenthal calling the USDT stablecoin a superhighway for Iranian sanctions evasion. The subcommittee referred its findings to both the Treasury Department and the Justice Department, putting the crypto industry's largest stablecoin squarely in Washington's crosshairs.
Shifting to artificial intelligence, Bank of England Governor Andrew Bailey is pushing back on the idea of leading with regulation. Bailey says AI needs rigorous testing and meaningful safeguards to contain risk, but argues that jumping straight to a regulatory framework isn't the right starting point — a position that will likely fuel the ongoing debate between innovation and accountability.
And in social media, a new home appears to be taking shape for Black Twitter. According to Wired, Threads has quietly become a vital artery of Black social media culture, with conversations ranging from outrage over the death of Nolan Wells to sharp analysis of HBO's Lanterns series driving real engagement on Meta's platform.
That's your Tech Beat for today. Keep surfing. Tech Beat out.
