Webull’s China Ties Pose National Security Risk, Congress Finds

A bipartisan congressional committee has revealed that trading platform Webull is closely linked to the Chinese government, raising concerns about national security. The House Select Committee on China shared an exclusive report with CNBC, highlighting the structural connections between Webull and China. Despite Webull’s denial of the allegations, its stock value saw a significant drop in premarket trading. Webull, a digital investment platform with 28 million users worldwide, has been identified as having significant ties to the Chinese government. The bipartisan House Select Committee on China’s report points to various aspects of Webull’s operations that are intertwined with China, creating…