Eric Trump Denies Involvement in Tron’s Nasdaq Bid—Despite Close Ties to Deal Broker
Tron''s ambitious Nasdaq push takes a political twist as Eric Trump distances himself—while keeping suspiciously cozy with the deal''s power brokers. Here''s why the crypto world is raising eyebrows.
The Trump-Tron Tango
Another day, another high-profile name tangled in crypto''s web. This time, it''s Eric Trump insisting he''s just a spectator in Tron''s Nasdaq ambitions—despite his connections to the brokers shepherding the deal. Sound familiar? The crypto sphere loves a good ''plausible deniability'' story.
Nasdaq or No Dice?
Tron''s relentless pursuit of Wall Street legitimacy hits another snag. Even with heavyweight backers, regulatory hurdles loom large. Because nothing says ''mainstream adoption'' like a side of political intrigue and unanswered questions.
Finance’s Favorite Game: Who’s Holding the Bag?
Let’s be real—when big names and bigger money collide in crypto, someone’s usually left holding the bag. Whether Tron’s Nasdaq dreams materialize or not, the real winners are already counting their fees. Classic finance, just with blockchain buzzwords.
Tron to Go Public via Reverse Merger With SRM Entertainment
Tron’s upcoming public debut is expected to proceed via a reverse merger with Florida-based SRM Entertainment, which recently said it had received a $100 million investment from an undisclosed party and WOULD rebrand itself as “Tron.”
Sun will serve as an advisor, and the company plans to begin accumulating TRX tokens under a new crypto treasury strategy.
Dominari Securities, a Trump-affiliated firm headquartered in Trump Tower, is the exclusive placement agent for a $210 million stock offering tied to the deal.
Both Eric Trump and Donald Trump Jr. joined Dominari’s advisory board earlier this year.
Sun’s connections to the Trump family have strengthened in recent months.
He attended a private event for Trump’s meme coin launch, took a $75 million stake in World Liberty Financial (WLFI), and remains the largest holder of the $TRUMP token.
In May, SUN was also awarded a luxury Trump Golden Tourbillon watch during the exclusive dinner hosted by Donald Trump.
The event, held at Trump’s private golf club in Virginia, gathered the top 220 $TRUMP memecoin holders.
Following Sun’s WLFI investment, the U.S. Securities and Exchange Commission quietly paused its long-running investigation into him and his affiliated companies.
The probe had centered on alleged market manipulation and the sale of unregistered securities.
Trump Continues to Capitalize on Crypto Market Momentum
Meanwhile, Donald Trump continues to capitalize on crypto market momentum.
According to financial disclosures released last Friday, the former president pulled in $58 million from crypto ventures in 2024, primarily through WLFI token sales.
That total trailed only his hospitality income and is expected to climb further in 2025 with an anticipated $390 million token sale and gains from his meme coin, launched in January.
His involvement in Bitcoin mining, tokenized assets, and digital ETFs is raising concerns about potential conflicts of interest.
Critics have pointed out that some of his businesses have seen tailwinds from favorable policy decisions during his time in office.
As reported, the SEC has approved Trump Media and Technology Group’s (TMTG) registration statement tied to a $2.3 billion bitcoin treasury initiative.
The June 13 filing covers 85 million shares, including 29 million linked to convertible notes.
