# Bessent blames Commerce for Megaspeed inaction

> Treasury Secretary Scott Bessent says the Commerce Department controls the trade blacklist and should explain why Megaspeed hasn't been added to it.
- Title: Bessent blames Commerce for Megaspeed inaction | Shortify
- Summary: Treasury Secretary Scott Bessent says the Commerce Department controls the trade blacklist and should explain why Megaspeed hasn't been added to it.
- Keywords: scott bessent, howard lutnick, commerce department, megaspeed, nvidia, entity list, china export restrictions, jensen huang, Business Insider
- Source: Business Insider — https://businessinsider.com/scott-bessent-howard-lutnick-nvidia-megaspeed-entity-list-2026-11
- Author: Brent D. Griffiths
- Published: 2026-11-13T17:02:22.037+00:00
- Read time: 1 min
- Topics: scott bessent, howard lutnick, commerce department, megaspeed, nvidia, entity list, china export restrictions, jensen huang, business, technology
## Bessent deflects to Commerce
Treasury Secretary Scott Bessent said it wasn't his department's job to crack down on Megaspeed. He told CNBC on Friday that Commerce has the authority and reporters should ask them why they haven't acted.

> Commerce has the pen. You all will have to ask them about their internal processes.
## Bessent confronted Lutnick
According to Axios, Bessent confronted Commerce Secretary Howard Lutnick in the Situation Room about why the Commerce Department had not added Megaspeed to the entity list, a trade blacklist that Lutnick's department controls.
## The Megaspeed scandal
Megaspeed, a Singapore-based cloud company and Nvidia partner, faces scrutiny over whether its data centers helped Chinese customers access advanced Nvidia chips despite US export restrictions. Alice Huang was a top executive there.
## Huang and the Nvidia CEO
The New York Times reported that US officials suspected Alice Huang was a Chinese intelligence asset.The Times also reported that Alice Huang had an affair with then-Nvidia CEO Jensen Huang.
## Bessent pushes accountability
Bessent said his department had been pushing for months for action against Megaspeed. He said the real story is whether Nvidia knew its client and whether the company made a robust effort to prevent chip…

> Was there a robust effort at Nvidia to make sure there was no leakage, and they were selling to what were obviously pass-through shell companies?
## Key takeaway

Treasury Secretary Scott Bessent blamed Commerce Secretary Howard Lutnick's department for failing to add Megaspeed, a Singapore-based cloud company at the centre of an Nvidia scandal, to the US trade blacklist.