Tron Plans US Public Listing via Reverse Merger with Trump-Linked Firm

Justin Sun, the crypto entrepreneur behind the Tron blockchain, is preparing to take Tron public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment, which will be renamed Tron Inc. The deal, facilitated by Dominari Securities, an investment bank with close connections to President Donald Trump's family, will allow Tron Inc. to receive up to $210 million in TRX tokens to hold as a strategic reserve, following a strategy similar to Michael Saylor's Bitcoin approach. Eric Trump is expected to take an official role in the newly merged company, highlighting the deepening alliance between Sun and the Trump family. This move follows a regulatory shift under President Trump’s administration, which has paused the SEC’s lawsuit against Sun for alleged unregistered securities offerings and market manipulation. The announcement led to a significant surge in TRX’s price and trading volume, reflecting the market’s positive reception amid favorable political conditions. Sun has also strengthened ties with the Trump family through investments and participation in Trump-related crypto ventures.