Tron has announced a public listing of its shares in the US via a reverse merger with SRM Entertainment. This event has drawn attention from both investors and politicians.
Merger with SRM Entertainment
Tron conducted a reverse merger with SRM Entertainment, which is listed on Nasdaq, to go public in the US. The deal is valued at $210 million in token holdings. This comes just months after the SEC halted its investigation into Tron founder Justin Sun.
Eric Trump's Role and Political Aspects
The new company is named Tron Inc., and Eric Trump will assume a leadership position, adding a political dimension to the listing. His involvement aligns with the cryptocurrency policies of the Trump administration. The deal is reportedly managed by Dominari Securities, a firm with ties to Trump's sons, Donald Trump Jr. and Eric Trump.
Market Reaction and TRX Price Changes
Since the merger announcement, the TRX token has experienced bullish momentum, gaining 3.3% and reaching prices over $0.27. Analysts anticipate further rallies as Tron Inc. is expected to deposit over 210 million TRX into its reserves.
The merger of Tron with SRM Entertainment highlights the growing interest in cryptocurrencies within politics and financial markets, potentially opening new avenues for the company and its assets.
