Webull Pushes Back on House Panel's Security Risk Report
BULL sits 40% above its 52-week low of $4.5.
Summary
Webull issued a formal statement rebutting the House Select Committee's national security risk report, detailing its U.S.-based data and asset custody practices and criticizing the Committee's process.
Key Events · Legal and Risk Events · BULL
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Formal Rebuttal to House Report
Webull issued a detailed statement disputing the House Select Committee's October 7 report labeling it a national security risk, asserting the report draws 'sweeping conclusions' from an 'incomplete record' and 'gets important facts wrong.'
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Process Criticism
Webull states it cooperated fully for two months when the inquiry began in late 2024, after which the Committee went silent for roughly 20 months, asked no follow-up questions, interviewed no Webull personnel, and did not give the company an opportunity to respond before publication.
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Data and Asset Custody Claims
Webull asserts U.S. customer data sits on AWS infrastructure in the continental U.S. with no China access, customer cash is held at large U.S. regulated banks, customer securities at U.S. regulated broker-dealers, and no customer assets are or ever have been held in China.
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Regulatory Record
Webull states neither the SEC nor FINRA has brought an enforcement action against it relating to customer data protection or privacy, and that it has not experienced a material cybersecurity incident involving customer data.
Analysis · BULL · Crypto Assets
Webull has formally responded to the House Select Committee's October 7 report that labeled the company a national security risk due to its China ties. The company disputes the Committee's process, stating that it cooperated for two months in late 2024 before the Committee went silent for roughly 20 months, and that it was not given an opportunity to respond before publication. Webull asserts that customer data is stored on AWS in the continental U.S. with no China access, customer assets are held at U.S. regulated banks and broker-dealers with no China custody, and neither the SEC nor FINRA has brought an enforcement action relating to customer data protection. This is the company's most detailed public defense to date against allegations that have already drawn significant market attention.
How filings like this one have moved
In the 30 days to Oct 9, 2026, 28.5% of the 1660 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.51%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BULL was trading at $6.28 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $4.50 to $13.25. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.