According to Financial Times and Bloomberg reports, U.S. Treasury Secretary Scott Bessent publicly called on the Commerce Department to accelerate designating Megaspeed onto the trade blacklist this week, stating that the Treasury, U.S. Trade Representative, and State Department have supported the measure for months. Bessent questioned whether Nvidia conducted sufficient customer due diligence and implemented adequate safeguards to prevent chip exports to China, calling for accountability of the company's personnel involved.

The Commerce Department faces mounting pressure from both the administration and Congress. Senate Democrats, led by Senator Elizabeth Warren, are demanding the department close export control loopholes, while Republican lawmakers have requested Commerce Secretary Howard Lutnick testify before Congress. Bloomberg reported that Lutnick agreed to appear for testimony.

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