TRM Labs was awarded a $95 million contract by the United States Department of Homeland Security and sued by Chainalysis

According to Bloomberg, in July the United States Department of Homeland Security signed a one-year, unbid contract with TRM Labs amounting to $95 million to provide encryption money tracking software and data analysis manpower. The competitor Chainalysis sued the Trump Government for the contract, alleging that the award process was arbitrary, erratic and unreasonable. In a public statement, the United States Department of Homeland Security stated that TRM Labs was the only available supplier。