The crypto world is buzzing over Tron’s plan to go public but it’s Eric Trump’s recent comment that’s grabbing attention. Even though he holds an advisory role at the firm managing the deal, Trump says he has no public involvement.
Still, his post on X calling Tron founder Justin Sun a “great friend” and a “crypto icon” has raised eyebrows. So, what’s really going on between Tron, the Trumps, and their growing role in the crypto space?
Instead of going the traditional IPO route, Tron is set to go public through a reverse merger with SRM Entertainment, a little-known company based in Florida. SRM recently secured a $100 million investment from an undisclosed backer and plans to rebrand as “Tron.”
The company will also start building a crypto treasury by accumulating TRX tokens.
Leading the deal is Dominari Securities, a Trump-affiliated firm based in Trump Tower. It’s handling a $210 million stock offering tied to the merger. Both Eric Trump and Donald Trump Jr. joined Dominari’s advisory board earlier this year.
Tron founder Justin Sun has been showing up more and more in Trump’s world. He attended the private launch party for Donald Trump’s meme coin, bought a $75 million stake in World Liberty Financial (WLFI), and is now the biggest holder of the $TRUMP token.
At a Trump-hosted dinner for the top 220 $TRUMP holders, Sun was gifted a luxury Trump Golden Tourbillon watch. It’s another sign of his growing closeness to the Trump circle.
Soon after Sun’s WLFI investment, the U.S. SEC quietly paused its long-running investigation into him and his companies. The probe was focused on possible market manipulation and unregistered securities. Whether that timing is coincidental or not is still up for debate.
Donald Trump’s involvement in crypto is growing fast. In 2024, he made $58 million from crypto-related deals – mostly through WLFI token sales. That figure was second only to his hospitality income.
And there’s more coming. In 2025, he’s expected to make another $390 million from token sales and gains from his meme coin, which launched earlier this year.
Trump is also involved in Bitcoin mining, tokenized assets, and digital ETFs. The SEC recently approved Trump Media and Technology Group’s $2.3 billion Bitcoin treasury plan, which includes 85 million shares – 29 million of them tied to convertible notes.
Eric Trump’s statement distancing himself from the Tron deal hasn’t stopped the speculation. His role at Dominari, paired with the family’s expanding crypto activity, makes many wonder what’s really happening behind the scenes.
With Tron’s public listing on the way and the Trumps playing a bigger role in the space, there’s no doubt this story is far from over.
As crypto keeps gaining ground, the Trump-Tron connection is one to watch and it may be shaping the future of crypto and politics more than anyone expected.
Tron will go public by merging with SRM Entertainment, rebranding as Tron Inc., via a $210M token-backed reverse merger.
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