#FinancialTimes: Sun Yuchen's blockchain Tron will seek to go public in the United States
According to the Financial Times, Sun Yuchen's blockchain Tron will seek to go public in the United States after US regulators suspended their investigation.
Tron will go public through a reverse merger with Nasdaq-listed SRM Entertainment, according to two people familiar with the matter. The transaction is managed by Dominari Securities, a boutique investment bank based in New York and linked to Trump's eldest son Donald Trump Jr. and Trump's second son Eric Trump.
One of the people said that the newly formed company will buy and hold Tron tokens (TRX), mimicking the strategy of Strategy (formerly MicroStrategy). The person also revealed that Eric Trump is expected to take a position in the new company, which will be named Tron Inc.
In the transaction, Tron is expected to inject up to $210 million in token assets into the new company. This marks the latest in the crypto trading boom that has been set off by Trump's friendly attitude towards the crypto asset industry since he took office as the second US president.