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Crypto

DHS Pays $95 Million for Crypto Analytics Contract Without Bidding

Guavy AI Editorial Team
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The Department of Homeland Security has awarded a lucrative contract to TRM Labs Inc. without putting it up for competitive bidding, sparking a legal fight and criticism over the Trump administration's no-bid deals.

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

The software and manpower provided by TRM Labs will be used to trace cryptocurrency movements and analyze underlying data.

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