Bessent accuses Lutnick's Commerce Department of not blocking Megaspeed
According to BBC News, asset manager Scott Bessent blamed the Commerce Department under CEO Lutnick for failing to place the firm Megaspeed on the U.S.…
According to BBC News, asset manager Scott Bessent blamed the Commerce Department under CEO Lutnick for failing to place the firm Megaspeed on the U.S. entity list. Bessent told CNBC that several government agencies had been "in favour of putting Megaspeed on the entity list for months" but the department did not act. The comment suggests a disconnect between agencies that wanted tighter controls and the department responsible for enforcing them. Bessent’s remarks were reported during a television interview, highlighting internal disagreement over how the technology should be regulated.
Why it matters
The dispute reveals tension within the U.S. government over export‑control decisions affecting a high‑profile technology firm.
Key details
- Location
- United Kingdom · Europe
- Reported by
- BBC News
- First reported
- Key names
- Lutnick's Commerce Department, Scott Bessent, CNBC, Megaspeed
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at BBC NewsSpotted an error? Request a correction · How this summary was produced
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