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

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6 outlets covering · First listed: The Hill, Nov 13, 2026, 9:25 AM · Read it: <https://thehill.com/homenews/administration/6218454-bessent-lutnick-megaspeed-dispute/>

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…

## Who's covering it

In the order they published:

- Nov 13, 2026, 7:51 AM: [Bessent blames Lutnick’s commerce department for failure to blacklist Megaspeed](<https://www.ft.com/content/ce6d292e-eaaa-4c23-b909-34276e1a1e8d?syn-25a6b1a6=1>) — Financial Times (Newspaper, United Kingdom, rated Center)
  Salvo from US Treasury secretary risks stoking tensions within Trump administration over Nvidia scandal
- Nov 13, 2026, 7:54 AM: [Bessent criticizes Commerce for not blacklisting Megaspeed over Nvidia chip diversion](<https://cryptobriefing.com/bessent-criticizes-commerce-for-not-blacklisting-megaspeed-over-nvidia-chip/>) — Crypto Briefing (Specialist)
  The unresolved interagency dispute over Megaspeed's blacklisting could undermine confidence in Commerce leadership, affecting market stability.
- Nov 13, 2026, 8:18 AM: [Bessent puts Megaspeed heat on Lutnick: "Commerce has the pen"](<https://www.axios.com/2026/11/13/bessent-lutnick-megaspeed-nvidia>) — Axios (Digital news, United States, rated Center)
- Nov 13, 2026, 8:50 AM: [Scott 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)](<https://www.techmeme.com/261113/p13>) — Techmeme (Aggregator, United States)
- Nov 13, 2026, 8:56 AM: [Bessent says Treasury favored limits on Megaspeed and places blame on Commerce](<https://www.yahoo.com/news/politics/articles/us-treasury-chief-blames-commerce-145607629.html>) — Yahoo News (Digital news, United States, rated Lean left)
  Treasury 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…
- Nov 13, 2026, 9:25 AM: [Bessent: Treasury pushed to blacklist Megaspeed, but ‘Commerce has the pen’](<https://thehill.com/homenews/administration/6218454-bessent-lutnick-megaspeed-dispute/>) — The Hill (Newspaper, United States, rated Center)
  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…