Webull, a prominent fintech trading platform, experienced significant stock decline following CNBC's report on a U.S. House panel investigation into its Chinese ownership connections. The company swiftly issued a formal response defending its operational integrity and regulatory compliance. This scrutiny reflects broader concerns among American lawmakers regarding foreign investment in financial technology firms and data security risks. Webull emphasized its commitment to U.S. regulatory standards and transparent business practices amid geopolitical tensions affecting the fintech sector.

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