Congressional Panel Identifies Webull as National Security Threat

A bipartisan congressional panel has found that Webull, a digital investment platform with 28 million users, is structurally tied to China's government, posing a national security risk to U.S. finance. The committee cites concerns over the company's ownership architecture, technical infrastructure, and compliance frameworks.

Why it matters. The findings could lead to regulatory actions against Webull, affecting its operations and user trust in the U.S. financial system.