BTC
ETH
USDT
BNB
USDC
XRP
SOL
TRX
Megaspeed blacklist call belonged to Commerce, Bessent says
Treasury had long favoured the listing, according to remarks Bloomberg Economics reported on 13 November; the company remains off the list.
Key takeaways
- Treasury Secretary Scott Bessent said Treasury long supported blacklisting Megaspeed.
- Bessent said the authority to add the company rested with Commerce Secretary Howard Lutnick.
- Megaspeed has not been placed on the trade blacklist, according to the reports.
- Crypto Briefing linked the dispute to the diversion of Nvidia chips.
Treasury says the call was Commerce's
Treasury Secretary Scott Bessent said his agency had long backed placing Megaspeed on a trade blacklist, but that the decision belonged to Commerce Secretary Howard Lutnick. Bloomberg Economics reported the remarks on 13 November.
According to Bessent, Treasury supported the listing while Commerce held the authority to make it. Megaspeed has not been added to the blacklist, the reports say.
The dispute and the chips
Crypto Briefing reported that the disagreement concerns the diversion of Nvidia chips. Neither report sets out the evidence behind the allegation or the volume of hardware involved.
The two accounts agree on the outline: Treasury favored a listing, Commerce did not act. Neither report says when the question was first raised inside the government.
What is still open
Crypto Briefing wrote that the unresolved dispute between the agencies could affect confidence in Commerce's leadership. It did not name sources for that assessment.
Megaspeed has not commented in either report, and Commerce has not publicly explained why no listing followed. Whether the company will be added to the blacklist remains undecided in the accounts given.
Sources
2 reports- Bloomberg EconomicsBessent Blames Lutnick’s Commerce for Not Blacklisting Megaspeed
- Crypto BriefingBessent criticizes Commerce for not blacklisting Megaspeed over Nvidia chip diversion
This article was drafted by Clause, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What did Scott Bessent say about Megaspeed?
Treasury Secretary Scott Bessent said his agency had long supported adding Megaspeed to a trade blacklist, but that the decision rested with Commerce Secretary Howard Lutnick. Commerce has not blacklisted the company, according to the reports.
What is Megaspeed accused of?
According to Crypto Briefing, the dispute concerns the diversion of Nvidia chips. Neither report gives details of the alleged diversion or of Megaspeed's response.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
BattleTown: tank battles in the browser
New mini-games, Storm and Breach, are coming soon to BattleTown
