⚠️ BREAKING NEWS: TRON
The blockchain platform Tron, founded by the controversial cryptocurrency entrepreneur Justin Sun, is preparing to go public in the United States through a reverse merger with SRM Entertainment, a company listed on Nasdaq.
📰 Key Points:
• The deal, reported by the Financial Times, is said to be worth up to $210 million and comes just four months after the U.S. SEC paused its fraud investigation against Sun and three of his companies, including Tron.
• The SEC investigation involved allegations of unregistered securities sales and market manipulation.
• The reverse merger is being facilitated by Dominari Securities, an investment bank based in New York with ties to Donald Trump Jr. and Eric Trump.
🏛️ Tron Inc. and Political Ties:
• The new company will be called Tron Inc., and sources suggest that Eric Trump is expected to take on a leadership role.
• Tron Inc. will adopt a strategy similar to Michael Saylor's Strategy (formerly MicroStrategy) by holding large reserves of TRX tokens as part of its treasury.
• This marks one of the most politically connected cryptocurrency listings to date, aligning with former President Trump's increasingly pro-cryptocurrency stance since the beginning of his second term in the White House.
⚖️ The move underscores a broader regulatory shift in Washington, where Trump has openly supported a more cryptocurrency-friendly environment for digital assets.
#TronNetwork $TRX