According to Deep Tide TechFlow, on June 11, Anthony Denier, President and CEO of Webull in the United States, recently revealed to Fortune magazine that under the leadership of the Trump administration, the SEC is adopting a more lenient regulatory approach, which will promote "active innovation" in the fintech industry.
Denier stated that the current regulatory environment is shifting to a model of "acting first and apologizing later, rather than asking for permission in advance." As a result, Webull plans to reintroduce cryptocurrency trading services in the second half of 2025, after the company previously sold its digital asset business in 2023 due to strict SEC regulations.
At the same time, to meet the increasingly mature user demands, Webull has partnered with BlackRock to launch investment portfolio models based on different risk preferences.
Webull went public through a SPAC in April this year, and its market value soared to nearly $30 billion, but then its stock price plummeted after being questioned by U.S. lawmakers about its Chinese connections. In this regard, Denier stressed that Webull is a locally regulated brokerage in each country of operation, and US customer information must remain in the United States, although about 60% of the company's employees are Chinese R&D teams.
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The Trump administration's SEC regulations are relaxed, and Webull plans to restart its Crypto Assets business.
According to Deep Tide TechFlow, on June 11, Anthony Denier, President and CEO of Webull in the United States, recently revealed to Fortune magazine that under the leadership of the Trump administration, the SEC is adopting a more lenient regulatory approach, which will promote "active innovation" in the fintech industry.
Denier stated that the current regulatory environment is shifting to a model of "acting first and apologizing later, rather than asking for permission in advance." As a result, Webull plans to reintroduce cryptocurrency trading services in the second half of 2025, after the company previously sold its digital asset business in 2023 due to strict SEC regulations.
At the same time, to meet the increasingly mature user demands, Webull has partnered with BlackRock to launch investment portfolio models based on different risk preferences.
Webull went public through a SPAC in April this year, and its market value soared to nearly $30 billion, but then its stock price plummeted after being questioned by U.S. lawmakers about its Chinese connections. In this regard, Denier stressed that Webull is a locally regulated brokerage in each country of operation, and US customer information must remain in the United States, although about 60% of the company's employees are Chinese R&D teams.