The House Select Committee on China has concluded that digital investment platform Webull maintains “structural ties” to the Chinese government that pose national security risks to the United States financial system, according to findings released Wednesday.
\n\nCNBC reports that the House Select Committee on China issued a report detailing what it describes as significant connections between the trading platform Webull and China’s government, creating what lawmakers characterize as a national security threat. The company’s stock dropped 18 percent in morning trading following the report’s release, which was shared exclusively with CNBC.
\n\nWebull, which operates from St. Petersburg, Florida, and serves 28 million global users worldwide, has been marketing itself as an American company. However, the congressional investigation found what it calls a profound gap between this public image and the actual control structure of the firm.
\n\nAccording to the committee’s findings, multiple aspects of Webull’s operations maintain structural connections to China. These include the company’s ownership architecture, technical workforce, technology infrastructure, cross-border data routing systems, corporate financing arrangements, and compliance frameworks.
\n\nThe report highlights that national security concerns have intensified since October 2025, when Webull began directly holding customer cash according to regulatory filings. The committee asserts this development creates…
Original source: https://www.breitbart.com/economy/
