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Crypto

$95 Million Crypto Contract Sparks New No-Bid Fight for Trump Administration

Guavy AI Editorial Team
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The US Department of Homeland Security has awarded a lucrative contract to TRM Labs Inc. without competitive bidding, sparking a legal fight and criticism over no-bid deals.

The $95 million contract is part of the White House's effort to combat cryptocurrency scams targeting Americans.

The deal was agreed upon in July 2026, with the government paying for software that traces cryptocurrency movements and manpower to analyze the underlying data.

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