Bessent Attributes Delay in Blacklisting Megaspeed to Commerce Department

Treasury Secretary Scott Bessent stated that while several agencies recommended placing Nvidia customer Megaspeed on a trade blacklist, the final decision remains with the Department of Commerce.

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. Treasury Secretary Scott Bessent said his agency had long supported putting Megaspeed International on a trade blacklist but that responsibility for doing so rested with Commerce Secretary Howard Lutnick. "Commerce has the pen," Treasury Secretary Scott Bessent said.

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.

The Hill reported the story as "Bessent: Treasury pushed to blacklist Megaspeed, but 'Commerce has the pen'." Business Insider reported the story as "Scott Bessent blames the Commerce Department for not cracking down on Megaspeed." Washington Examiner reported the story as "Bessent says Treasury wanted to put Megaspeed on entity blacklist for months, but Commerce Department ‘has the pen’."

Coverage is split across the political spectrum: 2 left-leaning outlets, 2 center outlets. One News compares the framing across these sources rather than amplifying any single outlet's interpretation.

5 sources have covered this story, including Business Insider, Washington Examiner, The Hill and Axios and 1 other outlet. The earliest reporting in the cluster landed about 7 hours ago.