Eric Trump clarified that he did not co-found a company similar to MicroStrategy with Sun Yuchen nor hold a public position, only referring to him as a 'close friend' and 'crypto idol.' However, Dominari Securities (the investment bank controlled by Eric) led the shell listing of TRON's SRM Entertainment, and Sun Yuchen invested $75 million in the Trump family's project WLF, indicating a strong capital connection between the two.

Analysis by Qin Ge

The essence of the clarification: denying a public position but not denying the binding interests—Dominari received high commissions for the TRON shell listing, and 75% of the profits from the WLF project go to the Trump family, creating a 'policy lobbying - capital transfer' closed loop;

Risk focus: The market value of SRM Entertainment is only $25 million, yet $210 million in TRX assets were injected, leading to a significant 250% one-day price surge and evident bubble; if the SEC reopens the investigation into Sun Yuchen, it could trigger a flash crash;

Political implications: Trump's pro-crypto policies (such as tax-free ETFs) may provide short-term benefits for TRON, but a Democratic victory in the midterm elections could lead to regulatory backlash. Investors should steer clear of highly politically connected assets and turn to Bitcoin spot ETFs for hedging.