US Treasury Secretary Scott Bessent criticizes the Commerce Department’s leadership over its handling of a Nvidia-related investigation involving Megaspeed, which some accounts describe as a “blacklisting” or sanctioning lapse.
The dispute centers on whether the Department of Commerce took sufficient action after concerns emerged about Megaspeed, an Nvidia customer, and allegations that it smuggled chips. Financial Times reports Bessent’s criticism of Commerce Secretary Howard Lutnick and frames it as a potential source of internal friction within the Trump administration tied to the broader Nvidia scandal. Semafor similarly highlights Lutnick being pulled into the spotlight over the Commerce Department’s alleged failure to sanction Megaspeed.
The New York Post adds internal detail, saying “rumblings” about negative findings concerning Megaspeed were present within the Commerce Department as far back as summer 2025, citing a recently departed former official who spoke anonymously. Across outlets, the focus is on accountability for whether sanctions were delayed or not pursued, with differing emphasis on internal administration dynamics versus timing and internal process.
