[TRM Labs Secures $95 Million No-Bid Crypto Tracking Contract from U.S. Department of Homeland Security, Faces Lawsuit from Chainalysis] According to Bloomberg, the U.S. Department of Homeland Security signed a $95 million one-year no-bid contract in July with crypto analytics firm TRM Labs. The contract is for providing cryptocurrency tracking software and data analysis personnel to support the White House's efforts to combat crypto scams and cybercrimes targeting U.S. citizens. Competitor Chainalysis has filed a lawsuit against the Trump administration over the contract, alleging that the awarding process was 'arbitrary, capricious, and unreasonable.' In a public statement, U.S. officials stated that TRM is the 'only vendor capable of providing the complete technical, data, and operational support services required.'