⚠️ BREAKING: TRON to the US stock exchange
The blockchain platform Tron, founded by controversial crypto entrepreneur Justin Sun, is preparing to go public in the United States through a reverse merger with SRM Entertainment, a Nasdaq-listed company.
📰 Key Highlights:
• 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 into Sun and three of his companies, including Tron.
• The SEC probe involved allegations of unregistered securities sales and market manipulation.
• The reverse merger is being facilitated by Dominari Securities, a New York-based investment bank with ties to Donald Trump Jr. and Eric Trump.
🏛️ Tron Inc. and Political Ties:
• The new company will be named Tron Inc., and sources suggest Eric Trump is expected to take 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 crypto listings to date, aligning with former President Trump’s increasingly pro-crypto stance since the start of his second term in the White House.
⚖️ The move underscores a broader regulatory shift in Washington, where Trump has openly supported a more crypto-friendly environment for digital assets.
