Chainalysis sues to block $95 million ICE blockchain contract awarded to TRM Labs
Government spending on blockchain services has become contested ground. Chainalysis has filed a lawsuit accusing U.S. Immigration and Customs Enforcement of unfairly steering a $95 million contract to rival TRM Labs, and is…
Key takeaways
- Chainalysis has filed a lawsuit against U.S. Immigration and Customs Enforcement over a $95 million blockchain contract awarded to rival TRM Labs.
- Chainalysis alleges the contract was steered to TRM Labs without the open competitive bidding it says federal rules require.
- The lawsuit asks a federal court to block the existing TRM Labs award and require ICE to run the selection process again.
- Chainalysis is seeking a court-ordered open competition that would give all qualified vendors access to the $95 million contract.
- Chainalysis and TRM Labs both compete for blockchain contracts from federal law enforcement agencies.
Government spending on blockchain services has become contested ground. Chainalysis has filed a lawsuit accusing U.S. Immigration and Customs Enforcement of unfairly steering a $95 million contract to rival TRM Labs, and is asking a federal court to block the award and require a full, open competition.
The complaint centers on procurement process. Chainalysis contends the contract was directed to TRM Labs without the open competitive bidding it says federal rules require. The lawsuit asks the court to halt the existing TRM award and compel ICE to run the selection again.
Chainalysis and TRM Labs both compete for blockchain contracts from federal law enforcement agencies. The remedy Chainalysis is seeking, a court-ordered open competition, would give all qualified vendors access to the $95 million contract.
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