Chainalysis sues over U.S. government contract awarded to TRM Labs

Chainalysis’ government services unit has sued the U.S. government over what it says was a sole-source procurement contract awarded to rival TRM Labs without a standard competitive bidding process, Wu Blockchain reported. The complaint centers on a contract involving the U.S. Department of Homeland Security and U.S. Immigration and Customs Enforcement. Chainalysis asked the court to halt the contract’s progress, while TRM Labs joined the case as a defendant-intervenor supporting the U.S. government. Oral arguments are scheduled for Sept. 2, according to the report.