Congressional Report Raises National Security Concerns About Webull

A newly released congressional report examines Webull’s ties to China and the potential national security implications for the U.S. financial system. The report’s claims and the company’s brokerage operations are outlined, with CNBC seeking Webull’s response.

- Congressional report: ownership, technology operations, cross-border data, funding, and compliance concerns
- Brokerage services: markets and assets available through Webull, and the report’s concerns about client cash holdings since October 2025

For investors and readers following fintech, U.S.–China relations, or financial regulation, this provides an overview of the report’s scope and allegations. Viewers can consult the report and follow any subsequent response from Webull for further context.