Tron Readies US Listing, Market Surges on News

Tron, led by Justin Sun, is preparing to go public in the U.S. via a reverse merger with Nasdaq-listed SRM Entertainment, facilitated by Dominari Securities, which has close ties to the Trump family. The merged entity, to be called Tron Inc., is expected to hold up to $210 million in TRX tokens and may appoint Eric Trump to a leadership position. This development follows the SEC’s pause on its fraud investigation into Sun’s companies, reportedly influenced by the Trump administration’s more crypto-friendly approach. The announcement caused TRX prices to rise nearly 6%, with SRM shares jumping over 400%, while Bitcoin and Ethereum also saw notable gains. Sun has increased investments in Trump-affiliated crypto projects, further cementing his ties to the Trump family. The move reflects renewed investor interest in blockchain firms and points to growing institutional support for crypto assets in the U.S.