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Bessent Faults Commerce Dept. for Failing to Blacklist Megaspeed

New York Times(subscription required) ·

Updated 33m ago

  • 4 more outlets picked it up in the last 3 hours, most recently New York Times, Washington Examiner, The Hill.

The Treasury secretary blamed the department for not sanctioning Megaspeed and said that Nvidia employees should be held accountable if they sidestepped the law.

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First reported by Financial Times at · 6 outlets in all

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  1. New York Times(subscription required)Bessent Faults Commerce Dept. for Failing to Blacklist MegaspeedThe Treasury secretary blamed the department for not sanctioning Megaspeed and said that Nvidia employees should be held accountable if they sidestepped the law.
  2. Washington ExaminerBessent 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
  3. The HillBessent: 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…
  4. BBCBessent 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".
  5. Crypto BriefingBessent 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)Bessent blames Lutnick’s commerce department for failure to blacklist MegaspeedSalvo from US Treasury secretary risks stoking tensions within Trump administration over Nvidia scandal