Eric Trump denies any involvement in the Tron IPO, despite publicly showing support for Justin Sun and the Tron ecosystem.
Tron plans to go public through a merger with SRM Entertainment, aiming to raise $100 million to boost its TRX treasury.
The Trump family is actively engaged in crypto initiatives, including World Liberty Financial, American Bitcoin, ETFs, and strong public positions on Bitcoin.
Eric Trump not involved in Justin Sun and Tron’s IPO?
Eric Trump admires Justin Sun, calling him a ‘great friend’ and a ‘crypto icon.’ However, he insists he has no part in Tron’s IPO in the United States.
An article in the Financial Times suggested otherwise, alleging Eric Trump was involved in Justin Sun’s deal to take Tron public through a reverse merger with Nasdaq-listed SRM Entertainment. Nonetheless, Donald Trump’s son refuted all claims on social media while clearly signaling his strong support for the Tron ecosystem.
Tron aiming for Nasdaq with a nine-figure treasury
Sun’s plan involves acquiring SRM Entertainment, a licensed merchandise company, and rebranding it as Tron Inc. Simultaneously, a $100 million private equity raise is set to create a substantial TRX treasury.
With a $26.5 billion market cap, Tron already ranks in the global blockchain top 10. Its goal: become an institutional player in Web3, visible and respected in US markets.
TRX currently trades around $0.28, with a slight uptick. However, the real challenge lies in establishing Tron among listed crypto companies.
Eric Trump, discreet engine behind family crypto projects
The relationship between Eric Trump and Justin Sun goes back. Last November, the Tron founder injected $30 million into World Liberty Financial (WLFI), a Trump family-affiliated crypto platform, becoming its primary investor.
This venture has already netted $57.4 million for Donald Trump, according to US Office of Government Ethics filings, with more to come.
The family also launched American Bitcoin, a mining company set to go public through a merger with Dryphon Digital Mining. Since April, they’ve amassed 215 BTC, worth nearly $23.3 million at current prices. Additionally, the president has filed for crypto ETFs, including Bitcoin and Bitcoin and Ethereum ETFs, through his social network company, Truth.
‘Bitcoin is a global arms race’
During the Consensus conference in Toronto, Eric Trump made a strong statement:
Everyone is trying to accumulate Bitcoin. Sovereign wealth funds, the wealthiest individuals, the largest companies.
This message reflects the Trump’s crypto strategy: playing in various sectors like decentralized finance, tokens, mining, with powerful influence networks.
However, this move hasn’t escaped political scrutiny. Congress is starting to worry about the close ties between the US presidency and the crypto industry as Trump family-related projects gain traction.
