Eric Trump, the son of U.S. President Donald Trump, has denied any involvement in Tron’s plans to go public on the U.S. stock market via a reverse merger with an American company.
Trump made the statement on his X profile, saying he is a “big fan” of Tron founder Justin Sun, but has “no public involvement” in the deal.
His comments came on Monday, the same day U.S.-based SRM Entertainment announced that Justin Sun will join the company as an advisor and that it has received a $100 million equity investment from an unnamed investor. SRM shares surged nearly 600% following the news.
Sponsored
SRM also revealed plans to rebrand as “Tron” and implement a crypto treasury strategy by accumulating TRX tokens.
The $210 million stock offering is being managed by Dominari Securities, a boutique investment bank that operates as a subsidiary of Dominari Holdings and is headquartered in Trump Tower.
The development comes amid growing scrutiny of the Trump family’s financial ties to crypto. Donald Trump reportedly earned $58 million from digital assets in 2024 alone, and Justin Sun is said to be the largest holder of the Trump-themed TRUMP meme coin.
Eric Trump’s comment that he has “no public involvement” has fueled speculation about possible private involvement behind the scenes.
Why this matters
The reverse merger could allow Tron to bypass a traditional IPO process and gain a Nasdaq listing, potentially setting a precedent for how crypto firms enter public markets. The Trump family’s growing involvement in crypto-linked ventures raises broader questions about political influence, transparency, and regulation.
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People Also Ask:
Tron is a blockchain-based decentralized platform founded by Justin Sun, designed to support decentralized applications (dApps) and digital content sharing. Its native cryptocurrency is TRX.
A reverse merger is a way for a private company to become publicly traded by merging with an already publicly listed company, avoiding the lengthy and complex traditional IPO process.
The TRUMP meme coin is a cryptocurrency token themed around Donald Trump. Justin Sun is reported to be its largest holder, tying the crypto venture closely to the Trump brand.
