Webull Revives Crypto Trading for US Users After Two-Year Biden-Era Shutdown

Webull smashes through regulatory ice—US crypto trading is back after a two-year deep freeze.

The Comeback Play

No more waiting on the sidelines. The platform's relaunch throws open the doors for US traders to dive back into crypto—directly from their existing accounts. It’s a full-scale return, not a half-step.

Timing & Tension

Two years. That’s how long US users watched crypto markets rip—while locked out. The original shutdown echoed broader regulatory hesitation, but Webull’s return signals a thaw. Or maybe just better legal armor.

Why It Matters Now

Retail momentum is building. With elections looming and policy winds shifting, Webull isn’t just reopening a feature—it’s betting on a freer market. Or at least one that’s learned to work the rules.

Look—another fintech deciding regulations are more… guidelines than actual rules. Welcome back to crypto, where the only constant is change—and the occasional well-timed loophole.

Webull reopens crypto while banks clash with Congress over stablecoin rules

Now that Donald TRUMP is back in the White House, things are different. The tone in Washington around crypto is no longer as hostile. This has given Webull room to bring back the service without dealing with the same level of regulatory uncertainty.

The company, which currently serves over 24 million customers worldwide, is offering more than 50 cryptocurrencies to U.S. users. These include Bitcoin, Ethereum, and Solana. Anthony said they plan to make crypto trading available in other regions “in the coming months.”

But while Webull is reactivating its crypto engine, Wall Street is trying to get Congress to stop crypto exchanges from doing too much. Bank lobbying groups are angry over what they say is a loophole in the country’s new stablecoin law.

The American Bankers Association, Bank Policy Institute, and Consumer Bankers Association warned lawmakers last week that crypto exchanges could use third-party coins to do what banks now can’t: offer interest on stablecoins.

The problem is tied to the GENIUS Act, a bill passed by Congress in July to govern the $288 billion stablecoin market. The law blocks stablecoin issuers from paying any kind of “yield” to holders. Banks can issue stablecoins now, but they can’t reward customers for holding them.

Exchanges, however, aren’t the issuers; they’re middlemen. That means they can partner with firms like Circle or Tether and still pass on benefits to users.

The banks say this will drive a massive shift of money out of the traditional financial system. A U.S. Treasury report from April said stablecoins could drain up to $6.6 trillion from banks, depending on how much yield gets passed to users.

The bank groups said the risk of losing deposits is especially bad “in times of stress,” and that it would hurt lending across the entire economy.

In their statement, they warned the loophole could lead to “higher interest rates, fewer loans and increased costs for Main Street businesses and households.” That’s the battle right now.

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