Eric Trump, the son of U.S. President Donald Trump, announced that he supports Tron (TRX) and its founder Justin Sun, but stated that he has no formal ties to the company.
According to a report by the U.S.-based financial newspaper Financial Times, after American regulators halted the investigation into Justin Sun's company Tron (TRX), Tron is preparing to go public by merging with SRM Entertainment, a listed company on the Nasdaq.
Following this development, speculation has increased, while Eric Trump made a statement on his personal social media account, expressing his strong support for Tron and regarding Justin Sun as both a friend and a leading figure in the cryptocurrency sector. However, Trump emphasized that he has no formal ties to the mentioned company and firmly denied previous claims.
On the other hand, Tron’s IPO processes through SRM Entertainment are being managed by a New York-based boutique investment bank named Dominari Securities. This move comes as U.S. regulators have eased pressure on Tron, making significant waves in the crypto markets.
The mention of Tron and Justin Sun in connection with 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 a stop to speculation regarding the matter.
Stay tuned for new developments.
This is not investment advice.