Bessent says Treasury wanted to put Megaspeed on entity blacklist for months, but Commerce Department ‘has the pen’

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AI Fusion Summary

Treasury Secretary Scott Bessent accused the Commerce Department of delaying the blacklisting of Singapore‑based Megaspeed, a Nvidia customer deemed a national security risk. The Treasury had wanted the firm on the entity list for months, but Commerce holds the authority to act. The dispute arises amid a broader scandal that led to Jensen Huang’s departure as Nvidia’s CEO.
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