TechFlow news, June 11 — Anthony Denier, President and CEO of Webull U.S., recently told Fortune magazine that under the Trump administration, the SEC is adopting a more relaxed regulatory stance, which will drive "positive innovation" in the fintech industry.
Denier said the current regulatory environment is shifting toward a model of "act first and apologize later, rather than ask for permission upfront." As a result, Webull plans to reintroduce cryptocurrency trading services in the second half of 2025. The company had previously sold its digital asset business in 2023 due to strict SEC regulations.
Meanwhile, to meet the increasingly sophisticated demands of users, Webull has partnered with BlackRock to launch portfolio models based on different risk preferences.
Webull went public via SPAC in April this year, with its market value briefly soaring to nearly $30 billion, but later plunged after U.S. lawmakers raised concerns over its China ties. In response, Denier emphasized that Webull operates as a locally regulated broker in every country it serves, and customer data in the U.S. must remain within the United States, despite approximately 60% of the company's employees being part of a Chinese R&D team.
