16.06.2025 15:19

Controversial cryptocurrency entrepreneur Justin Sun's Tron blockchain platform is poised for a US public listing. This will be achieved through a reverse merger with SRM Entertainment, a company already trading on the Nasdaq exchange. The move follows Circle's recent successful IPO, fueling speculation within the crypto industry about subsequent listings.

Valued at a reported $210 million in token assets, the deal is particularly noteworthy given its timing. It arrives just four months after the US Securities and Exchange Commission (SEC) temporarily suspended its fraud investigation into Sun and three of his associated companies, including Tron itself. The SEC's probe initially focused on allegations of unregistered securities offerings and market manipulation.

Facilitating this significant merger is Dominari Securities, a New York-based investment bank with established connections to the Trump family. Specifically, Donald Trump Jr. and Eric Trump are reportedly involved, with Eric Trump anticipated to assume a key leadership role within the newly formed Tron Inc. This development further strengthens the already significant political ties associated with the listing.

Interestingly, the new entity, Tron Inc., plans to mirror Michael Saylor's MicroStrategy model. This involves accumulating and holding substantial quantities of TRX tokens as a strategic treasury asset. This approach, combined with President Trump's increasingly pro-crypto stance since his second term began, marks a significant juncture for the intersection of politics and cryptocurrency.

The deal underscores the evolving regulatory landscape in Washington D.C. under President Trump's administration. The SEC's decision to pause its investigation against Sun in February hinted at a possible softening of its approach towards cryptocurrency businesses. This merger, therefore, represents a bold step forward for Tron and reflects a broader shift in the US government's attitude toward digital assets.