Treasury Secretary Scott Bessent pushed blame on the Commerce Department for not placing restrictions on Megaspeed, the company involved in Nvidia’s alleged spy scandal, saying his department requested restrictions “for months” but ultimately the Commerce “has the pen.”
“I am frustrated when President Trump made it very clear that China should not receive any Nvidia chips above H100s,” he told CNBC in an interview Friday.
“Treasury, War, [Office of the U.S. Trade Representative], and State, they were in favor of putting Megaspeed on the Entity List for months, but Commerce has the pen,” he said. “You’ll have to ask them about their internal processes.”