Webull’s China Ties Put U.S. Investor Data Under Scrutiny
Photo: DailyCoin
A bipartisan House Select Committee investigation released Wednesday, October 7, found that digital brokerage platform Webull's China ties span its ownership, workforce and technology infrastructure, creating potential legal and surveillance risks for U.S. investors. While the report focuses on a stock brokerage, its implications extend to the broader fintech ecosystem. The emphasis on infrastructure and data control applies equally to crypto exchanges, custodians, and digital wallets. Key Findings of the Congressional Investigation The House Select Committee on China said Webull's ownership structure, technical workforce, technology infrastructure, cross-border data practices, financing and compliance systems have significant connections to China.
Source: DailyCoin
