Bessent Blames Commerce Department for Delay in Nvidia Export Controls
JH Kim
Summary
- US Treasury Secretary Scott Bessent said the Commerce Department was responsible for the delay in export control measures targeting Nvidia.
- Bessent said the Commerce Department was responsible for the delayed implementation of Nvidia export control measures.
- He said no specific reason for the delay or timeline for further action was provided.
Forecast Trend Report by Period
US Treasury Secretary Scott Bessent blamed the Commerce Department, led by Secretary Howard Lutnick, for delays in implementing export controls on Nvidia.
Cointelegraph reported on Nov. 13 that Bessent said the Commerce Department was responsible for the delayed rollout of the Nvidia export restrictions.
Bessent pointed to the Commerce Department as responsible for the delay. He did not provide specific reasons for the holdup or a timeline for further action.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.