Eric Trump Praises Justin Sun but Denies Role in Tron’s US Public Venture

Eric Trump has distanced himself from Tron’s reported plans for a US public listing, clarifying that while he is a strong supporter of Justin Sun, he has no official involvement in the blockchain network’s market debut. Trump Addresses Rumors of Tron Involvement Eric Trump, the son of former US President Donald Trump, has publicly denied suggestions that he is involved in Tron’s plans to pursue a public listing in the United States. The speculation arose following a post on social platform X, which claimed that Trump was expected to take on a formal role within Tron as it moves toward a Nasdaq listing through a reverse merger. In a post addressing the claims, Trump stated: “I’m the biggest fan of Tron and love Justin Sun – he is a great friend and an icon in the crypto space. That said the below is inaccurate – I don’t have public involvement.” Tron’s Reverse Merger Plans Tron, led by founder Justin Su n, is reportedly preparing to go public via a reverse merger with SRM Entertainment, a Nasdaq-listed Florida-based souvenir and merchandise company. As part of the proposed transaction, SRM would rebrand itself as Tron Inc., receive a $100 million private equity investment from an unnamed source, and begin building a crypto treasury primarily holding TRX tokens. On Monday, SRM confirmed that Justin Sun would serve as an advisor to the company once the merger is complete. Additionally, Dominari Securities, a subsidiary of Dominari Holdings, has been named the exclusive placement agent for an associated $210 million stock offering. Business Ties Between Sun and the Trumps While Eric Trump denied formal involvement in Tron’s public venture, his connection to Justin Sun and the broader crypto space is well-established. Their business relationship dates back to at least November, when Sun made a significant $30 million investment in World Liberty Financial (WLFI) — a digital asset platform closely associated with the Trump family. Eric and Donald Trump Jr. also joined Dominari Holdings’ advisory board earlier this year. The firm operates out of Trump Tower in New York, directly beneath the Trump Organization’s headquarters. World Liberty Financial has been a lucrative venture for the Trump family, particularly in the run-up to the US presidential election. Recent regulatory filings revealed that Donald Trump personally earned $57.4 million from the sale of WLFI tokens. A Growing Alliance in the Crypto Sector Justin Sun’s influence within Trump-affiliated crypto projects has deepened over time. In addition to his stake in World Liberty Financial, Sun is also the largest holder of the $TRUMP token and previously attended a private dinner celebrating the launch of a Trump-themed meme coin. Notably, Sun’s involvement with World Liberty Financial coincided with a shift in regulatory scrutiny. Following his investment in the platform, a longstanding US Securities and Exchange Commission (SEC) investigation into Tron and Sun, alleging market manipulation and the sale of unregistered securities, was paused. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

Source: Crypto Daily