Tron, the blockchain platform founded by Justin Sun, is set to go public in the U.S. through a reverse merger with SRM Entertainment. The transaction, facilitated by Dominari Securities, could provide Tron Inc. with up to $210 million in token assets. This strategic move comes as the SEC pauses its fraud case against Sun to consider a settlement.
Eric Trump is anticipated to assume a leadership role in the company, highlighting Sun's growing ties with the Trump family. Sun has previously invested $75 million in Donald Trump's crypto venture, World Liberty Financial, which recently launched a stablecoin on the Tron blockchain. The collaboration has drawn criticism, with protests over the influence of foreign crypto billionaires in U.S. politics.
Tron Targets U.S. IPO via Reverse Merger with SRM Entertainment
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
