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Bessent points to Commerce over Megaspeed blacklist delay, Rohan Paul reports
Paul reports Bessent said Commerce controls Megaspeed’s blacklisting, despite months of support from four other agencies.
TLDR
Rohan Paul reports that Treasury Secretary Bessent told CNBC four agencies had backed blacklisting Megaspeed for months, but Commerce “has control of the pen.” Paul says the Singapore-based Nvidia customer faces allegations of diverting advanced AI chips to China. Separately, a New York Times opinion piece calls for Commerce Secretary Lutnick’s resignation over export-control enforcement.
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