Eric Trump, a member of the former U.S. president's family, denied claims about his position in the new company TRON Inc following news of a merger with SRM Entertainment. However, he expressed support for TRON's founder Justin Sun.
Eric Trump's Response to TRON Inc Claims
Eric Trump stated in a Twitter post that while he is a big fan of TRON and considers Justin Sun a friend, the information about his public involvement in the company is inaccurate. "I don’t have public involvement in this company," he noted.
Merger of TRON and SRM Entertainment
TRON is undergoing a reverse merger valued at $210 million, which will allow the company to move to the U.S. public market through SRM Entertainment. If successful, it will convert SRM into a Nasdaq-listed firm.
TRON's Strategy for Going Public
The deal will be defined as a major equity investment of $100 million in SRM using TRX tokens. This innovative approach to the storage and valuation of digital assets in publicly traded companies can reshape the market. TRON's founder, Justin Sun, highlighted the company's aim to lead the industry by providing innovative blockchain solutions.
Despite the discrepancies regarding Eric Trump's role, TRON continues to pursue active development with ambitious goals related to integrating blockchain solutions into digital payments.
