Key Takeaways
- Eric Trump denied public involvement in Tron’s planned US public market debut.
- The new entity, Tron Inc., plans to hold up to $210 million worth of TRX tokens.
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Eric Trump on Monday denied involvement in Tron’s reported public market debut plan, despite being a self-proclaimed supporter of the blockchain project and its founder, Justin Sun.
“I’m the biggest fan of Tron and love [Justin Sun] – he is a great friend and an icon in the crypto space,” Eric Trump wrote on X. “I don’t have public involvement in this company.”
His clarification came after the Financial Times reported this morning that Tron plans to go public in the US through a reverse merger with Nasdaq-listed SRM Entertainment, facilitated by Dominari Securities.
The new company, Tron Inc., is expected to name Eric Trump as part of its executive team, according to the report.
Tron Inc. will hold up to $210 million worth of Tron token (TRX) and operate as a public market vehicle to hold and leverage its crypto holdings, similar to Strategy’s Bitcoin-focused approach.
SRM Entertainment’s stock soared 580% following the announcement of the reverse merger. The company also plans to introduce a TRX staking program as part of its treasury strategy to optimize shareholder value.
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