U.S. President Donald Trump's son Eric Trump stated that he supports Tron (TRX) and its founder Justin Sun, but has no official ties to the company.

According to a report by the U.S.-based financial newspaper Financial Times, following the American regulators' decision to halt the investigation into Justin Sun's company Tron (TRX), Tron is preparing to go public by merging with the Nasdaq-listed company SRM Entertainment.

After this development, speculation has increased, while Eric Trump made a statement from his personal social media account expressing strong support for Tron and viewing Justin Sun as both a friend and a leading figure in the cryptocurrency sector. However, Trump emphasized that he has no official ties to the mentioned company and categorically denied previous allegations.

On the other hand, Tron’s public offering through SRM Entertainment is being managed by a New York-based boutique investment bank called Dominari Securities. This move occurs as U.S. regulators ease pressure on Tron and has resonated widely in the cryptocurrency markets.

The mention of Tron and Justin Sun alongside the Trump family on social media has increased the project's visibility in the market and attracted investor interest. However, Eric Trump’s recent statement has put an end to speculation on the matter.