The crypto world is buzzing over Tron’s plans to go public and comments made by Eric Trump, who holds an advisory role in the firm involved.
Tron's Move to Nasdaq
Tron plans to go public via a reverse merger with SRM Entertainment, a Florida-based company. SRM recently secured a $100 million investment from an undisclosed backer and is set to rebrand as 'Tron'. The company will also start building a crypto treasury by accumulating TRX tokens. The deal is being led by Dominari Securities, which is affiliated with the Trump family and is managing a $210 million stock offering tied to the merger.
Justin Sun and the Trump Connection
Tron founder Justin Sun has been increasingly present in Trump’s circles. He attended a private launch party for Donald Trump’s meme coin, invested $75 million in World Liberty Financial, and is now the largest holder of the $TRUMP token. At a dinner hosted by Trump for leading $TRUMP holders, Sun was gifted a luxury Trump Golden Tourbillon watch. Following Sun's investment in WLFI, the SEC subtly paused its investigation into him, which was focused on potential market manipulation.
Donald Trump's Growing Crypto Activity
Donald Trump is rapidly increasing his involvement in the crypto sector. In 2024, he earned $58 million from cryptocurrency deals, primarily through WLFI token sales. In 2025, he is expected to gain another $390 million from token sales and profits from his meme coin. Trump is also engaged in Bitcoin mining, tokenized assets, and digital ETFs, with the SEC recently approving a $2.3 billion Bitcoin treasury plan for Trump Media and Technology Group.
Despite Eric Trump's claims of no public role in the Tron deal, the family's growing activity in the crypto space raises questions about the behind-the-scenes dynamics. With Tron’s public listing on the horizon and the Trump family's expanding role, this story is likely far from over.