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● RegulationNov 12, 2026 · 00:098 sources

Scott Bessent Confronts Howard Lutnick Over Alleged Effort to Shield Megaspeed From Trade Blacklist

From marketbrief.now

AI;DR

Treasury Secretary Scott Bessent pressed Commerce Secretary Howard Lutnick last week over the failure to restrict Megaspeed. Lutnick reportedly stammered when questioned by Bessent about why the firm was not on the entity list.

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Sources

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  1. SUPPORT@billkristol“Lutnick has spent the last year "undoing" efforts by other administration officials to hold Megaspeed — a company accused of illegally diverting U.S. chips to China — accountable.”x.com
  2. SUPPORT@gordonjohnson19“Tech Stock Prices/Greed > US National Security.”x.com
  3. SUPPORT@cgasparino“No surprise they hate each other going back to their fight over treasury”x.com
  4. SUPPORT@chrisrmcguire“China would just get chips via Speedmatrix, or any of the dozens of other cutouts in Malaysia/Singapore/Thailand that already exist.”x.com
  5. SUPPORT@mirandadevine“Lutnick has spent the last year "undoing" efforts by other administration officials to hold Megaspeed — [NVIDIA client] accused of illegally diverting U.S. chips to China — accountable because of concerns it would escalate the trade war with China.”x.com
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