Wednesday, June 3, 2026

Rep. Massie on Reported Trump-Netanyahu Spat: It’s All Talk Until US Withholds Military Aid to Israel

(Dave DeCamp, Antiwar.com) Rep. Thomas Massie (R-KY) on Tuesday responded to an Axios report that alleged President Donald Trump lashed out at Israeli Prime Minister Benjamin Netanyahu over Israel’s escalations in Lebanon, saying that it was “all talk” and pointing out that the US could withhold military aid if it actually wanted to see an end to Israel’s wars.

“It’s all talk. Just withhold foreign aid to Israel for a month and they’ll stop bombing their neighbors – instant peace, the Strait of Hormuz can be opened, and gas drops $2 a gallon,” Massie wrote on X. “Israel has been, and continues to be, the biggest welfare recipient from American tax payers.”

According to a source speaking to Axios, Trump told Netanyahu, “You’re fucking crazy. You’d be in prison if it weren’t for me. I’m saving your ass. Everybody hates you now. Everybody hates Israel because of this.” Axios had published multiple accounts of similar rifts between President Biden and Netanyahu as the Biden administration continued supporting Israel’s genocidal war in Gaza.

After the call with Netanyahu on Monday, Trump said in two separate posts on Truth Social that there was an agreement between Israel and Hezbollah for a ceasefire in Lebanon, but Israeli attacks continued on Tuesday. Israel did hold off on threatened strikes on Beirut, though an Israeli official had told Ynet earlier on Monday that the threat was coordinated with the US.

Massie also took aim at Netanyahu in a post on X on Tuesday, saying that the more the Israeli leader “prevents the war with Iran from ending, the more obvious it becomes that he convinced Trump to start it.”

Massie, virtually the only Republican in Congress who consistently opposes military aid to Israel, recently lost his primary to a Trump-backed candidate in a race that became the most expensive House primary in US history, fueled by spending from pro-Israel groups and donors.

This article originally appeared at Antiwar.com.  

Zelensky: US Doesn’t Make Enough Anti-Ballistic Missiles

(Dave DeCamp, Antiwar.com) Ukrainian President Volodymyr Zelensky said on Sunday that the United States isn’t producing enough anti-ballistic missiles and that he has requested a license for Ukraine to start producing Patriot missiles.

“There is not enough anti-ballistic missile production in the United States, and this could lead to a crisis in different parts of the world,” Zelensky wrote on X.

“60–65 anti-ballistic missiles per month, compared to current challenges, is nothing. It is no secret, and Russia knows this. We need to expand the production. I asked the previous US administration, and I am asking today’s administration to give Ukraine licenses to produce Patriot missiles,” he added.

The Ukrainian leader said that he sent a letter to Congress and President Donald Trump about the matter. It’s unclear whether he’s referring to a letter he sent to Trump several days ago, in which he pleaded for more US military aid.

In the letter, Zelensky said he appreciated the continued US military aid funded by the US’s NATO allies under the Prioritized Ukraine Requirements List (PURL), but that it wasn’t enough. He said the “current pace of deliveries through the PURL program is no longer keeping up with the reality of the threat we face.”

The US used an enormous number of Patriot missiles and other interceptors during the US-Israeli bombing campaign against Iran, and there were reports at the time that the Pentagon was considering diverting weapons shipments meant for Ukraine to the Middle East, but it’s unclear if that happened.

Zelensky’s renewed plea for more air defenses comes amid a looming threat of a major escalation of Russian strikes on Kyiv, which Russian officials say will happen in response to Ukrainian drone attacks killing civilians, including a Ukrainian drone attack that hit a college in Luhansk and killed 21 civilians. While Russia and Ukraine have traded heavy attacks in recent days, there’s no sign yet that Russia has gone ahead with the escalation in strikes on the Russian capital.

This article originally appeared at Antiwar.com.  

Over One Ton of Cocaine Seized at U.S.-Mexico Tunnel Bust

(Bethany Blankley, The Center Square) Border Patrol agents in Southern California have found another underground cross border tunnel, leading to the arrest of four men and the seizure of enough cocaine to kill 34 million people.

As illegal crossings across the southwest border have dropped by 95% under the Trump administration, record drug busts are ongoing, and cross border tunnels stretching thousands of feet from Mexico into the U.S. are still being found.

After a months-long investigation, the most recent bust occurred on May 29 in the U.S. Customs and Border Protection San Diego Sector near the Otay Mesa Port of Entry. The sector and POE have been ground zero for cross border tunnels for decades.

In April, San Diego Sector Border Patrol Tunnel Team agents uncovered a 3,000-foot-long large-scale narcotics smuggling tunnel under the Otay Mesa POE, The Center Square reported.

One month later, agents found a similar sophisticated 1,933-foot-long cross border tunnel leading to a Buy 4 Less retail store in Otay Mesa from Tijuana, Mexico. The tunnel, dug 55 feet underground and roughly 4.5-feet high, has reinforced walls, a rail, ventilation system and electricity to facilitate the smuggling of people and drugs, authorities found.

During the latest bust, four men, two each with California and Mexican addresses, have been charged with conspiracy to distribute controlled substances. One was charged with conspiracy to use a cross-border tunnel and conspiracy to import controlled substances, according to the U.S. Department of Justice. If convicted, they face life in prison and a $10 million fine.

“For these defendants, it wasn’t a light at the end of the tunnel. It was lights and sirens,” U.S. Attorney Adam Gordon said.

CBP San Diego Sector Border Patrol agents surveilled the store front from December 2025 to May 2026 after “a new group of around seven or eight ‘employees’ were seen regularly,” involved in suspicious activity, according to the charges. They were first observed allegedly regularly transporting a large number of suitcases from the store into vehicles or walked them across the border into Mexico, investigators found.

Months later and prior to the men’s arrests, Border Patrol agents observed a man “loading three large, heavy items into a white van which departed Buy 4 Less and ultimately parked on the street near a mechanic shop,” and another man on a bicycle allegedly conducting counter surveillance, according to the charges. The scheme allegedly involved the men moving deep freezers and packages and taking heavy boxes out of Buy 4 Less and loading them into vans and truck beds.

San Diego County Sheriff’s deputies were notified, conducted traffic stops, and a K9 identified the controlled substances. This led to the seizure of more than a ton of cocaine.

They found 173 packages weighing nearly 631 pounds in one truck, 423 packages weighing more nearly 1,035 pounds in another truck and 255 packages weighing 604 pounds in a van, according to the complaint. They field tested the substances, which tested positive for cocaine. Total weight seized was nearly 2,270 pounds.

With 30 milligrams of cocaine considered a lethal dose, the amount seized was enough to kill 34 million people. That’s equivalent to the population of 25 San Diegos and nearly the entire population of California.

After the drug seizures, warrants were issued to search Buy 4 Less, where agents found the exit point of the tunnel. It was concealed under the floor of a storage room in the store, according to the complaint. The tunnel was accessed using a sophisticated hydraulic lift, extending more than 1,000 feet from the store to the border and another 800 feet inside Mexico, authorities found.

“Criminal organizations continue to look for ways to exploit our border, but they underestimate the determination of the men and women protecting it,” San Diego Sector Chief Border Patrol Agent Justin De La Torre said. “This tunnel’s discovery is a testament to our strong partnerships and the unwavering commitment of law enforcement on both sides of the border.”

In the Southern District of California, federal and local law enforcement are working together to combat transnational crime.

“Law enforcement collaboration is the backbone of dismantling sophisticated transnational drug cartels, as these organizations rely on vast illicit supply chains spanning multiple jurisdictions,” San Diego County Sheriff Kelly Martinez said. “Joint operations disrupt trafficking networks, choke illicit financial flows and prevent transnational cartels from exploiting jurisdictional gaps.”

The CBP San Diego Sector has historically been one of the busiest human and drug smuggling corridors along the southwest border. During the Biden administration when record illegal entries were reported and after Texas border security efforts expanded, the sector became the epicenter of illegal crossings, The Center Square first reported.

Since 1993, authorities have found 99 tunnels in the Southern District of California with 28 considered to be sophisticated, according to CBP data. The tunnels are destroyed by pouring thousands of gallons of concrete inside, CBP says.

Tunnels are also being discovered in the CBP El Paso Sector connecting Ciudad Juarez, Mexico, to El Paso, Texas, The Center Square reported. In the latest case, agents uncovered a tunnel equipped with electricity and ventilation with an exit point leading to a box car positioned on the road with a trap door.

FBI Director’s Girlfriend Sues Reporters for Story about ‘Inebriated’ Friend

(Ken Silva, Headline USA) FBI Director Kashyap Patel’s girlfriend, Alexis Wilkins, has sued MS Now and two of its reporters for a story claiming that the bureau had agents escort one of her inebriated friends home after a night of partying in Nashville.

The Dec. 5 story, written by Carol Leonnig and Ken Dilanian, said that the incident took place in the spring of 2025.

“Patel’s girlfriend, Alexis Wilkins, asked FBI agents on her security team at least two times, including once this spring, to drive her friend home, and agents objected to diverting from their assignment, said the sources,” the story said, citing anonymous sources.

“But Patel insisted they do as Wilkins requested and in one case called the leader of Wilkins’ security detail and yelled at him to do so.”

According to Wilkins’s lawsuit, the story was totally fabricated. Wilkins doesn’t drink alcohol, and didn’t even have FBI security in the spring of 2025, when the incident was said to have taken place. Wilkins only received taxpayer-funded security later in the year in response to death threats, according to the lawsuit.

“Defendants are, of course, free to comment on the leadership of the FBI and its allocation of resources, whether positively or negatively,” Wilkins’s lawsuit says. “They are not, however, entitled to lie about it … Journalists cannot avoid accountability by hiding behind fabricated ‘anonymous’ sources.”

Wilkins claims the false story caused her reputational harm, and she seeks over $75,000 as a result. MS Now and its reporters have yet to respond to the lawsuit, which is the latest in a series of legal actions from Wilkins and Patel.

Wilkins first sued former FBI agent Kyle Seraphin last August for his claims that she’s  an Israeli intelligence asset who’s acting as a “honeypot”—a tactic where someone sexually manipulates their target to compromise, manipulate or spy on them. Wilkins has also sued right-wing influencers Elijah Schaffer and Sam Parker over similar claims.

Patel, for his part, filed an unsuccessful lawsuit against former agent Frank Figliuzzi over his claims that he spends more time in the nightclub than in the office. He’s also suing The Atlantic for reporting that his drinking habits are negatively affecting his performance.

Ken Silva is the editor of Headline USA. Follow him at x.com/jd_cashless.

Rubio Says He Sees Indications that Iran’s New Supreme Leader is ‘Engaged’ with US Talks

(Headline USA) Secretary of State Marco Rubio is facing questions about the Trump administration’s fragile or stalling diplomatic efforts around the world in back-to-back hearings on Capitol Hill for the first time since the Iran war began.

He testified that U.S. negotiators have seen signs that Iran’s new supreme leader has been engaged with negotiations despite not being seen publicly.

In a tense back-and-forth, Democratic Sen. Cory Booker and Rubio argued over who has the upper-hand in the more than two month war between United Staes and Iran.

The New Jersey lawmaker pointed to the unsteady ceasefire between Washington and Tehran, which has been further tested in recent days by back-and-forth attacks.

“We are the strongest nation on the planet Earth, and we’re in a stalemate with Iran,” Booker said to the secretary. “And now we’re begging to get back into a deal that you all trashed in the first place.”

“There’s no one begging,” Rubio responded, detailing what he called the dire situation of Iran’s economy. “I don’t know where you’re getting this perception that Iran is stronger.”

Detailing the fractured Iranian leadership, Rubio says U.S. negotiators have seen signs that Mojtaba Khamenei, who succeeded his father to become the country’s new supreme leader, has been engaged with negotiations despite not being seen publicly.

“I would imagine, given what’s happened to multiple leaders in that system, being very public is probably not something that’s recommended for them internally,” he said. “But that said, I think there are indications out there that he is increasingly engaging at some level, although all of his communications have been in writing and through intermediaries.”

Democratic Sen. Chris Murphy pushed Rubio to see what incentives, if any, Washington is willing to offer Tehran in exchange for a deal.

Rubio said that any sanctions relief would have to come after major concession on the nuclear issue and the enriched uranium.

“Will they receive relief just in exchange for reopening the strait?” Murphy asked.

Rubio responded, “No, that’s not been discussed. That’s not been offered.”

Pressed by Democrats and Republicans on the status of negotiations with Tehran, Rubio tried to present a more optimistic view on the progress Washington has made with the Iranian regime.

“They have agreed to negotiate aspects of their nuclear program that just a month ago, just a year ago, they were refusing to even mention,” he said. But he added that it’s “not a guarantee that ultimately it will lead to a deal that’s acceptable” by Congress. He said these negotiations have been made difficult by the instability of Iran’s leadership.

Adapted from reporting by the Associated Press.

Trump Assassination Attempt Victims Sue US Gov’t over Secret Service Failures

(Ken Silva, Headline USA) The two men who survived gunshot wounds from the July 13, 2024, Trump assassination attempt have sued the U.S. government for the egregious security failures from that fateful event.

The victims, Butler rallygoers Jim Copenhaver and David Dutch and their wives, seek over $150,000 apiece in damages for their injuries, which are still ongoing. Copenhaver was shot twice: once in his left triceps, and once in the abdomen. Dutch, who was standing about five feet to Copenhaver’s left, was shot once in the chest. The bullet split his liver and exited his side.

According to court records, Copenhaver was required to undergo numerous surgeries, including closure of traumatic abdominal wall hernia, laparotomy, laceration repair, and transection of his colon. There are still bullet fragments in his body, which will require continued monitoring.

Dutch also had multiple surgeries, including for the repair of his liver. Like Copenhaver, he’ll have to continue to undergo rehabilitation for the rest of his life.

The Secret Service’s failures are well documented, and are detailed in this writer’s book on the subject.

In short, the agency didn’t secure the ARG building that was eventually used as a perch by the alleged gunman, Thomas Crooks. Secret Service command center Jeffrey Burr also never put it out over the radios that there was a suspicious person with a rangefinder in the area. Perhaps most inexplicably, Secret Service counter-sniper David King waited over 15 seconds before returning fire, despite seeing Crooks “crawling” with an AR-15-style rifle before his attack.

As a result, Dutch and Copenhaver were permanently injured, Trump was grazed in the ear by a bullet and nearly killed, and firefighter Corey Comperatore was murdered. There’s no word on whether Comperatore’s widow, Helen, is going to sue the government, too.

Meanwhile, the FBI has withheld thousands of records on the alleged gunman, Crooks. The FBI has admitted to holding over 75,000 such records, but has only produced about 150 or so in response to a lawsuit from the transparency organization Judicial Watch.

Ken Silva is the editor of Headline USA. Follow him at x.com/jd_cashless.

Under the Fed’s Tightrope All Roads Lead to Gold

(Mike Maharrey, Money Metals News Service) For months, I’ve argued that the Federal Reserve is in a Catch-22. Now, some more prominent people in the mainstream are echoing this warning.

In a recent interview with Kitco News, Sprott Inc. President Ryan McIntyre said the Fed is “walking a tightrope” and has few viable policy options. He said that scenario will ultimately drive investors to gold.

Most mainstream analysts assume the central bank will hold rates higher for longer due to the inflationary pressure introduced by the U.S-Iran war. There is even growing speculation that the Fed will raise rates this year. Several Fed officials have started laying the groundwork for a rate hike.

However, it’s not as simple as that.

An economy dominated by a Debt Black Hole doesn’t function very well in a high (or even a normal) interest rate environment.

The central bankers at the Federal Reserve face a tough choice. They can either keep monetary policy tight – holding rates higher for longer or even raising rates – to tamp down price inflation, or they can ease monetary policy to take pressure off this debt-riddled bubble economy.

They can’t do both.

And that, ladies and gentlemen, is the Catch-22.

McIntyre said we’ve never faced a situation “where everything is like walking a tightrope.

“You don’t want inflation, so you have to keep rates somewhat high. Conversely, you don’t want the economy to slow down too much, so you’ve got to keep rates somewhat low.”

He emphasized that this is a precarious situation, and it puts the Fed in “a tough spot.”

“And by the way, if either of those goes too far out of range, then you risk losing control of bigger things.”

McIntyre said it was a “coin flip” whether the central bank would hike rates before the end of the year.

The U.S.-Iran conflict has created stiff headwinds for gold. After an initial safe-haven bid that sent the yellow metal over $5,000 an ounce as the war kicked off, gold has faced selling pressure that has driven the price to the $4,500 range with significant volatility. The gold price swings with every war headline.

History is playing out once again, as wars have typically had little impact on the gold price after the initial bump. Other factors take control, and in this case, it is interest rate expectation.

Before the war, most people expected additional easing by the Fed. Now, a rate hike seems more likely due to rising prices stemming from the oil shock. McIntyre indicated he was surprised by the speed of the shift in sentiment.

“People shifted from asking how many cuts we are going to get to whether there could actually be rate increases this year. It’s incredible how expectations have shifted in a couple of months.”

McIntyre said he thinks pressure on gold from the threat of higher yields is temporary. He argues the structural bull market remains intact because there is a bigger problem than inflation – the aforementioned debt black hole.

“To me, the most existential threat remains the sovereign debt risk.”

He called the U.S. government’s debt situation one of the “most underappreciated risks” in global markets, noting that debt-to-GDP has climbed above 100 percent and is close to levels last seen during World War II. He warned, “We will cross the threshold where the net interest expense as a percentage of GDP exceeds the nominal growth rate in GDP, meaning the growth rate can’t even cover the net interest.”

Interest on the national debt set a record last year, costing $1.2 trillion. The federal government is forking out more for interest payments each month than it is for national defense or Medicare. The only spending category bigger than interest on the debt is Social Security.

The debt-inflation duo leaves policymakers with little flexibility. If it raises rates, it could further destabilize a shaky bond market and crush equity valuations. On the other hand, cutting rates could unleash more price inflation.

It also creates a “conundrum” for investors. They will require higher real yields to invest in increasingly riskier equities. But rising yields put strain on the broader financial system.

“If yields start getting higher, that is going to be very difficult for equities — meaning the S&P 500 — to do well. You start discounting those future cash flows at higher rates, and it accentuates the punishment.”

The bond market is already flashing warning signs, with yields rising even without a Fed hike.

“You start to get these warning signs from the bond markets saying we need more yield to compensate for the financial outlook here. Because the fiscal picture doesn’t look great — and they’re right.”

What’s the alternative?

McIntyre said, “All roads lead to gold.

“The longer we spend not addressing our spending problem, the tougher the road is going to be. And again, there’s only one thing that’s sort of at the end of that equation, and that is gold.”

He noted that despite the two-year bull market, most Western investors “remain dramatically underallocated to the precious metals sector.” Meanwhile, gold ETF holdings remain below all-time highs.

McIntyre concluded that gold is one of the few assets positioned to benefit no matter what the Fed does.

“The options narrow in terms of what you can do. And that’s why we continue to think all roads will lead to gold.”


Mike Maharrey is a journalist and market analyst for Money Metals with over a decade of experience in precious metals. He holds a BS in accounting from the University of Kentucky and a BA in journalism from the University of South Florida.

ECB Confirms Gold Has Overtaken Treasuries as Top Global Reserve Asset

(Mike Maharrey, Money Metals News Service) In January, World Gold Council data indicated that gold had replaced U.S. Treasuries as the world’s top reserve asset. A report released by the European Central Bank this week confirms that data.

According to the ECB, as of the end of 2025, gold accounted for 27 percent of central bank reserve assets. That was up 7 percent from a year earlier.

Meanwhile, the share of Treasuries in central bank reserves fell from 25 percent to 22 percent.

The share of euro-denominated assets remained steady at 15 percent.

Despite the drop in Treasury holdings, the dollar remains the primary reserve asset, with dollar-denominated assets accounting for 42 percent of global reserves.

However, that share is slowly shrinking.

The Financial Times asserted that this is part of a broader global de-dollarization effort.

“The shifting composition of reserve assets — highly liquid holdings that central banks use to support their currencies, meet international payment obligations and provide liquidity in times of financial turmoil — reflects an attempt by many countries to seek alternatives to the U.S. dollar, the world’s de facto reserve currency.”

The Times noted that de-dollarization has accelerated since 2022, when the U.S. and its Western allies aggressively sanctioned Russia and effectively locked it out of the global SWIFT payment system after the invasion of Ukraine. This weaponization of the dollar has made some countries wary of holding dollar-denominated assets.

ECB President Christine Lagarde said, “Geopolitical tensions continue to drive strong central bank demand for gold.

The pace of central bank purchases moderated in 2025 but remained far above the recent historical average. Official net full-year buying came in at 863.3 tonnes. That was down 21 percent year-on-year, charting the lowest level since 2021.

However, while central bank gold purchases declined last year, they remained well above the 2010-2021 annual average of 473 tonnes.

To put that into context, central bank gold reserves increased by an average of just 473 tonnes annually between 2010 and 2021.

Last year was the fourth-largest expansion of central bank gold reserves on record. The all-time high was set in 2022 (1,136 tonnes). It was the highest level of net purchases on record, dating back to 1950, including since the suspension of dollar convertibility into gold in 1971.

According to the Financial Times, central banks globally hold 36,000 tonnes of gold. That is nearly as much as the peak of the Bretton Woods era, when the dollar was tied to gold (38,000 tonnes).

The weaponization of the dollar is just one factor driving the de-dollarization trend. Many countries are becoming wary of the U.S. fiscal situation. The national debt has surged to over $39 trillion and has eclipsed 100 percent of GDP.

At some point, people stop loaning their drunk Uncle money.

The dollar doesn’t have to lose its reserve status for de-dollarization to become a significant problem for the U.S., because it depends on the global demand for dollars to underpin its massive government.

The only reason Uncle Sam can borrow, spend, and run massive budget deficits to the extent that it does is the dollar’s role as the world’s reserve currency. It creates a built-in global demand for dollars and dollar-denominated assets. This absorbs the Federal Reserve’s money creation and helps maintain dollar strength despite the Federal Reserve’s inflationary policies.

If the world needs fewer dollars, they will begin to return to the U.S., causing a dollar glut. This will increase inflationary pressure domestically as the value of the U.S. currency further depreciates. In the worst-case scenario, the dollar could collapse completely, leading to hyperinflation.


Mike Maharrey is a journalist and market analyst for Money Metals with over a decade of experience in precious metals. He holds a BS in accounting from the University of Kentucky and a BA in journalism from the University of South Florida.

National Security Group Urges Congress to Investigate Airwallex Ties to CCP

(The Center Square) A national security group wants Congress to investigate Airwallex over its ties to China.

State Armor Chief Executive Officer Michael Lucci sent a letter to several congressional leaders urging action.

The letter went to U.S. Sen. Mike Crapo, R-Idaho, U.S. Sen. Ron Wyden, D-Oregon, U.S. Rep. French Hill, R-Arkansas, U.S. Rep. Maxine Waters, D-California, and others.

“I write to respectfully urge Congress to open a formal investigation into Airwallex, a global payments company that has become deeply embedded in the U.S. financial technology ecosystem while reportedly maintaining substantial ownership, operational, and workforce ties to the People’s Republic of China,” Lucci wrote.

Airwallex provides payment services to businesses. The company started in Australia and now has headquarters in Singapore and San Francisco.

State Armor says Congress should examine whether China-based employees or affiliates can access financial or personal data of U.S. customers.

“Airwallex markets itself as an Australian-founded fintech company, yet a significant portion of its workforce and technical operations reportedly remain concentrated in mainland China and Hong Kong,” Lucci wrote.

The letter says that about 40% of the company’s employees reportedly work in mainland China and Hong Kong. That includes employees tied to engineering, payments operations and compliance.

“Airwallex’s access to highly sensitive American financial and personal data must be coupled with absolute data security against the insidious Chinese Communist Party. Airwallex should not manage any information connected to our national security and defense-related companies through operations or employees in China,” Lucci said in a statement provided to The Center Square.

“The company operates invisibly in the backend infrastructure of applications and payment systems Americans rely upon every day, meaning that if Airwallex is handing over American data to Communist China, it is being done without the knowledge or knowing consent of American consumers. We cannot allow Americans’ sensitive data to be placed within reach of the Chinese government or entities subject to Chinese intelligence laws. Congress and federal regulators must investigate this immediately.”

Lucci also pointed to China’s National Intelligence Law. The law requires Chinese organizations and citizens to support the country’s intelligence work.

“If Airwallex personnel or affiliated entities in China can access customer systems or data, then sensitive information involving U.S. companies could be exposed to adversary foreign government demands,” Lucci wrote.

State Armor also raised concerns about Tencent Holdings’ investment in Airwallex. Tencent landed on the U.S. Department of Defense’s list of Chinese military companies in January 2025.

Airwallex has recently moved some employees out of China as it expands in the United States, FStech reported last week, citing The Financial Times.

A company spokesman told The Financial Times that data security drove the moves.

“When US Executive Order 14117 established new requirements around cross-border data flows in 2024, employee realignment became part of our growth plan, in line with broader industry practice,” the spokesman said.

The spokesman added that Airwallex still has a “significant presence in Shanghai and Hong Kong” and recruits from China’s “world-class engineering and technical talent.”

State Armor wants Congress to launch a bipartisan investigation. The group also wants Congress to examine Airwallex’s work with U.S. artificial intelligence and defense companies and request a review by the Committee on Foreign Investment in the United States.

U.S. Sen. Tom Cotton, R-Arkansas, also raised concerns about Airwallex last December.

“I respectfully request that the Department open a full investigation into whether Airwallex data is being accessed by the Chinese Communist Party,” Cotton wrote in a letter to then-U.S. Attorney General Pam Bondi.

Cotton said Airwallex processes sensitive data for major U.S. companies.

Airwallex has also faced scrutiny in Australia.

In January, AUSTRAC, Australia’s financial intelligence agency, ordered Airwallex to appoint an outside auditor. The auditor will review whether the company has followed anti-money laundering and counter-terrorism financing rules.

“We take this action where we suspect serious non-compliance, because we expect businesses to be actively managing their AML/CTF obligations,” AUSTRAC Chief Executive Officer Brendan Thomas said.

Airwallex said it would cooperate with the audit.

“Airwallex is committed to the highest standards of regulatory compliance and we welcome this audit as a transparent opportunity to independently validate our AML/CTF program,” the company said.

Trump Loyalist Replaces Tulsi Gabbard as Acting National Intelligence Director

(Headline USAPresident Donald Trump has tapped Bill Pulte, head of the Federal Housing Finance Agency, to be the acting director of national intelligence — putting a real estate scion and fierce Trump loyalist in a key national security post as the U.S. remains at war with Iran.

Trump made the surprise announcement Tuesday on social media that Pulte would be replacing Tulsi Gabbard, the former Hawaii congresswoman who served as the director of national intelligence.

The Republican president cited Pulte’s work at the FHFA and his role as chair of the mortgage giants Fannie Mae and Freddie Mac, saying that the 38 year-old “has deep experience managing the most sensitive matters in America, the safety and soundness of the Markets, and over 10 Trillion Dollars at Fannie Mae/Freddie Mac, a substantial increase from where it was just 12 months ago.”

As the grandson of the founder of PulteGroup, one of the country’s largest homebuilders, Pulte has cut a combative streak on social media and used his post at the FHFA to attack perceived opponents of the Trump administration.

His time overseeing mortgage finance has been linked with criminal referrals for mortgage fraud, including New York Attorney General Letitia James, a Democrat; Sen. Adam Schiff, D-Calif.; and Lisa Cook, a member of the Federal Reserve, who was nominated by a Democratic president, Joe Biden.

Trump said Pulte will keep his other positions even as he fills in for Gabbard, who resigned last month after revealing her husband’s cancer diagnosis.

If formally nominated, Pulte would need to be confirmed by the Senate to hold the position full time.

Adapted from reporting by the Associated Press