Bessent says Treasury favored limits on Megaspeed and places blame on Commerce

First reported by Financial Times at Fri 7:51 AM · 6 outlets in all

1. Washington Examiner53mBessent says Treasury wanted to put Megaspeed on entity blacklist for months, but Commerce Department ‘has the pen’Treasury Secretary Scott Bessent directly blamed the Commerce Department for delaying the broader administration’s intent to place Nvidia customer Megaspeed on a special blacklist of companies that could pose a national security threat. In a CNBC interview Friday morning, Bessent said the U.S. Trade Representative and the Treasury, War, and State departments were “in favor
2. The Hill1hBessent: Treasury pushed to blacklist Megaspeed, but ‘Commerce has the pen’Treasury Secretary Scott Bessent is pointing the finger at Commerce Secretary Howard Lutnick over the Trump administration’s failure to place Nvidia customer Megaspeed on a U.S. trade blacklist for national security concerns. When pressed Friday over who was behind the decision, Bessent told CNBC, “Treasury, War, USTR [U.S. Trade Representative] and State … were in…
3. BBC1hBessent blames Lutnick's Commerce Department for failing to block MegaspeedScott Bessent told CNBC that several government agencies "were in favour of putting Megaspeed on the entity list for months".
4. Yahoo News1hBessent says Treasury favored limits on Megaspeed and places blame on CommerceTreasury Secretary Secretary Scott Bessent, picutred left alongside Secretary of State Marco Rubio, when Chinese President Xi Jinping visited the White House on September 24, 2026 (Brendan SMIALOWSKI)US Treasury Secretary Scott Bessent on Friday blamed the Commerce Department for failing to blacklist Megaspeed, the Singapore company at the center of a scandal that prompted Nvidia chief executive Jensen Huang to resign.Speaking on CNBC, Bessent said Treasury, the Defense Department, the US Trade Representative's office and the State Department had backed adding Megaspeed to the Washington's…
5. Techmeme2hScott Bessent says the departments of Treasury, Defense, State were in favor of putting Megaspeed on the entity list for months, but Commerce is in charge (CNBC)
6. Financial Times(subscription required)3hBessent blames Lutnick’s commerce department for failure to blacklist MegaspeedSalvo from US Treasury secretary risks stoking tensions within Trump administration over Nvidia scandal