Eric Trump denies Tron IPO role amid deepening ties to crypto
Tron’s Nasdaq merger sparks controversy over Trump connections.
Eric Trump has publicly denied any active role in Tron’s high-profile attempt to go public via a reverse merger with SRM Entertainment, despite his advisory position at Dominari Securities—the boutique investment bank leading the deal.
His statement, posted on X, claims “no public involvement” in the merger but expresses enthusiastic support for Tron founder Justin Sun, calling him “a great friend and an icon in the crypto space”, reports Cryptopolitan.
However, critics and analysts argue that Eric’s praise, combined with the Trump family’s deepening links to crypto ventures, suggests a more nuanced and potentially strategic form of engagement behind the scenes.
Tron Taps Trump-Linked Network for Nasdaq Entry
The plan to take Tron public via a reverse merger with SRM has ignited scrutiny because of its political and financial implications. The transaction enables Tron to bypass the standard IPO route by absorbing a Nasdaq-listed Florida company—SRM Entertainment—which will rebrand as “Tron Inc.” and hold a crypto treasury of TRX tokens.
The move is orchestrated by Dominari Securities, where both Eric Trump and Donald Trump Jr. serve on the advisory board. Coinciding with the merger, SRM received a $100 million equity investment from an undisclosed source, further amplifying market speculation. The offices of Dominari are notably located in Trump Tower, symbolizing the transactional overlap between politics and blockchain finance.
Justin Sun’s Growing Political Footprint
Justin Sun’s collaboration with Trump-affiliated institutions appears to be a calculated effort to expand Tron’s legitimacy in U.S. markets. His attendance at a private crypto dinner hosted by President Donald Trump, his advisory role at SRM, and his stake in Trump-linked crypto platform World Liberty Financial signal a pivot from global DeFi projects toward closer proximity with U.S. political and regulatory power.
Sun’s $75 million investment in World Liberty Financial reportedly helped delay SEC action against him, and now, his positioning within the Tron Inc. framework ensures influence over the newly listed entity’s direction—even without a formal leadership title. As Tron prepares to debut on the Nasdaq, critics warn that political alliances may be blurring the lines between crypto innovation and influence-peddling.
Recently we wrote that SRM Entertainment, a Nasdaq-listed company, is raising $100 million to establish a TRX treasury and will be renamed Tron Inc.
