The US Department of Homeland Security awarded a $95 million contract to TRM Labs Inc. in July without competitive bidding, according to a government document. The deal covers software to trace cryptocurrency movements and manpower to analyze data, part of the White House's effort to combat a surge in crypto scams targeting Americans. The lucrative no-bid contract has sparked a legal fight and renewed criticism of the Trump administration's tendency toward sole-source deals.

The amount is considered large for a firm like TRM Labs Inc. The contract highlights the administration's expanding use of crypto analytics for law enforcement while bypassing standard procurement processes that ensure fair competition and pricing.