Congressional Panel Flags Webull's China Ties as National Security Risk
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Insights by Echo AI
A congressional committee report alleges that trading platform Webull, which presents itself as a U.S. company, exposes customer data and billions in American capital to Chinese surveillance risks due to its extensive ties with China. The report, released by the Select Committee on the House of Representatives on China, highlights Webull's ownership, technological infrastructure, and workforce dependencies on China. The committee warns that Webull's direct holding of clients' cash since October 2025 further exacerbates these risks. Webull rejected the findings, stating that the report contains errors and unsupported inferences.
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