TLDR Webull stock drops 19.51% as House panel flags risks tied to China links. House lawmakers raise concerns about Webull’s China operations and user data. Webull rejects the findings and sa
Webull Corporation stock fell to $5.86, down 19.51%, after a House China panel raised national security concerns Wednesday. The committee linked the trading platform’s China-related operations to possible risks involving American user data and market oversight. The sharp decline pushed the company’s market value toward roughly $3.1 billion as political scrutiny intensified.
Webull Corporation Class A Ordinary Shares, BULL
The House Select Committee on China said Webull’s ties to China could create national security risks for American users. Chairman John Moolenaar focused on the company’s China-based operations and their potential access to sensitive financial and personal data. The committee also questioned whether those links could expose U.S. customers and information to Chinese government authorities.
Webull rejected the report’s conclusions and said it contained major inaccuracies about the company’s operations and corporate structure. The company also disputed claims connecting its business framework with unsupported national security concerns involving American customers. The market reaction remained severe as BULL stock lost nearly one-fifth of its value during Wednesday trading.
The latest scrutiny adds pressure to a company that only became publicly traded in the United States during 2025. Webull was founded by Wang Anquan in 2016 and later expanded its trading services across the United States. Its American headquarters are in St. Petersburg, Florida, while the platform now serves customers across several international markets.
The House committee had already raised questions about Webull before releasing the latest assessment of its China connections. In December 2024, lawmakers sent the company a letter outlining concerns over its ownership and operational connections. That letter also questioned whether China-linked technologies and personnel could affect user data security and compliance with American financial rules.
The company currently operates across 18 markets and reports more than 28 million users across its international trading platforms. Its services include stocks, bonds, derivatives, cryptocurrency products, and prediction markets for customers in several regions. That broad product range makes data handling, customer protection, and regulatory oversight important issues for the expanding financial platform.
The committee’s concerns focus partly on whether Chinese laws could require companies to assist government authorities with information requests. That issue has become a broader policy concern across technology, telecommunications, financial services, and other data-heavy industries. Webull maintains that the latest congressional assessment misrepresents its corporate structure, operations, and overall risk profile.
The main question now is whether U.S. agencies will take formal regulatory or enforcement action against Webull. The House committee can raise security concerns, but relevant federal authorities would decide any direct restrictions or enforcement measures. So far, the available report does not confirm any new regulatory restriction affecting the company’s existing U.S. operations.
The uncertainty could still affect market sentiment because Webull depends heavily on customer trust, market access, and regulatory approval. Any deeper federal review could increase legal costs and place additional pressure on its compliance and governance operations. It could also force management to provide more detail about data storage, internal controls, and its China-related business structure.
For now, the company continues operating while its shares absorb the impact of heightened political and regulatory scrutiny. The 19.51% decline shows how quickly national security concerns can affect the valuation of a financial technology company. BULL stock could remain sensitive to further statements from lawmakers, regulators, or company officials about the unresolved concerns.
The post Webull Corporation (BULL) Stock: Drops 20% After House China Warning appeared first on Blockonomi.
