Bessent: Treasury pushed to blacklist Megaspeed, but ‘Commerce has the pen’

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

1. The Hill27mBessent: 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…
2. Yahoo News57mBessent 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…
3. Techmeme1hScott 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)
4. Axios1hBessent puts Megaspeed heat on Lutnick: "Commerce has the pen"
5. Crypto Briefing1hBessent criticizes Commerce for not blacklisting Megaspeed over Nvidia chip diversionThe unresolved interagency dispute over Megaspeed's blacklisting could undermine confidence in Commerce leadership, affecting market stability.
6. Financial Times(subscription required)2hBessent blames Lutnick’s commerce department for failure to blacklist MegaspeedSalvo from US Treasury secretary risks stoking tensions within Trump administration over Nvidia scandal