Jun 18, 2026 – 11.00amAn influential Republican senator has asked Treasury officials to investigate Airwallex and accused the payments giant heavily backed by local venture capital firms of having deep ties with the Chinese government.Tom Cotton, a Republican from Arkansas who is close to the Trump administration, wrote to Treasury secretary Scott Bessent overnight urging a probe of Airwallex, saying it held sensitive details of American companies including “artificial intelligence labs and defence contractors”.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Influential Republican demands US probe into Airwallex’s China ties
Tom Cotton, a Republican close to the Trump administration, wrote to Treasury secretary Scott Bessent warning the payments giant had deep ties to Beijing.
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