Tron Plans US Public Listing via $210M Reverse Merger with SRM Entertainment

Justin Sun's blockchain platform Tron is set to go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment, creating a new entity named Tron Inc. The deal, valued at up to $210 million in TRX token assets, is being managed by Dominari Securities, an investment firm with strong ties to the Trump family, with Eric Trump expected to take a leadership role in the company. This move follows the U.S. Securities and Exchange Commission's decision to pause its fraud investigation into Sun and his companies, signaling a potential easing of regulatory pressure. Tron Inc. will operate similarly to Michael Saylor's Strategy, holding large amounts of TRX tokens as part of a digital asset treasury strategy. The merger highlights a politically connected moment for crypto, coinciding with President Trump's pro-crypto stance and calls for more favorable digital asset regulations. TRX token prices responded positively to the news, rising nearly 4-5% to around 28 cents.