Tron Moves to Go Public in the US via Reverse Merger with SRM Entertainment
- Tron is publicly listing its shares in the US as a reverse merger with SRM Entertainment.
- Eric Trump will assume leadership in the new firm, Tron Inc., which is connected to Trump crypto initiatives.
- TRX jumped to more than 27 cents as investors responded to the listing and the intention to issue 210 million dollars worth of tokens in Tron Inc.
Tron has also entered into a reverse merger with SRM Entertainment, listed on Nasdaq, to go public in the United States. The transfer is said to have been worth 210 million in token holdings and is only a few months after the SEC halted its fraud investigation of Tron founder Justin Sun and others related to the firm.
The new firm will be called Tron Inc. and will have the corporate structure of the Michael Saylor Strategy, with a great TRX balance within its treasury framework. According to market analysts, this arrangement would result in long-term demand for TRX, provided the company continues to issue tokens to its balance sheet.
Eric Trump is expected to take a key leadership position in Tron Inc., adding a political dimension to the listing. His involvement aligns with President Donald Trump’s crypto-forward policies during his second term. The deal is reportedly managed by Dominari Securities, a firm with ties to Trump’s sons, Donald Trump Jr. and Eric Trump.
Eric Trump’s Entry and the Political Shift Toward Crypto
The merger is an indicator of rising political interest in crypto in Washington. Since Trump returned to the White House, his administration has expressed high hopes about the future of digital asset growth and infrastructure. The February halt by the SEC in its case against Sun indicated a less aggressive regulatory posture.
The leadership position held by Eric Trump could be connected to former hints of significant crypto initiatives. The Tron merger is speculated to be related to the decentralized finance project of the Trump family, World Liberty Financial (WLFI).
Justin Sun is also alleged to have paid $75 million into WLFI, getting an advisory position and a firm grip on the Trump inner circle. Sun is also a major $TRUMP token owner and was among the president’s guests at a closed cryptocurrency dinner at Trump National Golf Club in Virginia earlier this year.
TRX Price Surges as Investors React
The Tron TRX token has also experienced great bullish momentum since the news of the merger broke out. TRX gained 3.3% in the last hour and surged over $0.27. Market analysts anticipate additional rallies as Tron Inc. is set to deposit more than 210 million TRX in its treasury reserves. This action is well echoed by the BTC accumulation strategy adopted by Strategy, which always increased the BTC prices when institutions bought it.
Dominari Securities, the company brokering the deal, was another company that gained skyrocketing 580% valuation after Eric Trump said he was joining its advisory board.
The merger ends speculation about which cryptocurrency company will be listed next following Circle IPO. Tron is out of the list and the markets now await the next big name to follow. The move by Tron to public markets is an indication of a total reversal by Sun that has been under fire by U.S. regulators in recent years. Claims of unregistered securities offerings and manipulation resulted in an official SEC inquiry.
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