Bessent says Commerce Department stalled Megaspeed blacklist despite backing from four agencies

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

1. Crypto Briefing18mBessent says Commerce Department stalled Megaspeed blacklist despite backing from four agenciesThe delay in blacklisting Megaspeed highlights potential vulnerabilities in U.S. tech export controls, impacting national security and policy enforcement.
2. Business Insider(subscription required)1hScott Bessent blames the Commerce Department for not cracking down on Megaspeed"Commerce has the pen," Treasury Secretary Scott Bessent said. "You all will have to ask them about their internal processes."
3. New York Times(subscription required)2hBessent Faults Commerce Dept. for Failing to Blacklist MegaspeedThe Treasury secretary blamed the department for not sanctioning the Singaporean firm and said that Nvidia employees should be held accountable if they sidestepped the law.
4. Washington Examiner2hBessent 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
5. The Hill3hBessent: 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…
6. Financial Times(subscription required)5hBessent blames Lutnick’s commerce department for failure to blacklist MegaspeedSalvo from US Treasury secretary risks stoking tensions within Trump administration over Nvidia scandal