Eric Trump denied information regarding his public role in a Tron-related company, confirming only his link with broker Dominari Securities.
Eric Trump's Refusal of Public Role in Tron
Eric Trump stated he does not hold a public position in a new Tron-related company led by Justin Sun. This clarification followed reports linking former U.S. President Donald Trump's son to Sun's venture. Market observers noted interest when Eric Trump's name surfaced concerning Sun's plan for a public listing involving TRX, but Eric Trump directly refuted any official role. He confirmed a separate connection to Dominari Securities, a broker-dealer acting as the exclusive agent for Sun's deal. Eric Trump and his brother, Donald Trump Jr., joined Dominari's advisory board in February.
Sun and Trump's Links: Memecoin and Stablecoin
Sun recently declared himself the largest owner of a Donald Trump-themed memecoin, earning him a dinner invitation from the former president. Separately, on June 11, Sun announced the creation of the first USD1 stablecoins on the Tron network, issued by World Liberty Financial, which has connections to the Trump family. Sun is listed as the main financial backer and an advisor to the project.
Regulatory Pressure and Potential Outcomes
An unresolved SEC lawsuit also affects Tron. The regulator accuses Sun and his associated companies of selling TRX and BitTorrent (BTT) tokens as unregistered securities. This situation raises questions about adherence to securities laws. If TRX is ultimately classified as a security, Tron Inc. might encounter further regulatory requirements.
The situation involving Eric Trump and Justin Sun’s projects continues to attract attention, raising important questions about cryptocurrency regulation and its ties to the political sphere.
