On June 16, Tron will go public through a reverse merger with Nasdaq-listed SRM Entertainment in a deal operated by Dominari Securities, a boutique investment bank based in New York with ties to Trump's eldest son, Donald Trump Jr., and Trump's second son, Eric Trump. One of the people said that the newly formed company will buy and hold Tron tokens (TRX), mimicking the strategy of Strategy, formerly known as MicroStrategy. The source also revealed that Eric Trump is expected to take on a role in the new company, which will be named Tron Inc. In the transaction, Tron expects to inject up to $210 million in token assets into the new company. This marks the latest in a crypto trading boom that has sparked since Trump took up his second term as president of the United States because of his friendly attitude towards the cryptoasset industry. In 2023, the U.S. Securities and Exchange Commission (SEC) had charged Jutsin Sun and three of his companies, including Tron, with allegedly selling unregistered securities and manipulating the market. In February, the SEC, along with Jutsin Sun, filed a motion with the court to suspend the lawsuit in favor of a possible settlement after Trump expressed his desire for "more lenient regulation" of the crypto industry.
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TRON will go public in the United States through a "reverse merger" and will establish a Strategy-like company with Donald Trump Jr.
On June 16, Tron will go public through a reverse merger with Nasdaq-listed SRM Entertainment in a deal operated by Dominari Securities, a boutique investment bank based in New York with ties to Trump's eldest son, Donald Trump Jr., and Trump's second son, Eric Trump. One of the people said that the newly formed company will buy and hold Tron tokens (TRX), mimicking the strategy of Strategy, formerly known as MicroStrategy. The source also revealed that Eric Trump is expected to take on a role in the new company, which will be named Tron Inc. In the transaction, Tron expects to inject up to $210 million in token assets into the new company. This marks the latest in a crypto trading boom that has sparked since Trump took up his second term as president of the United States because of his friendly attitude towards the cryptoasset industry. In 2023, the U.S. Securities and Exchange Commission (SEC) had charged Jutsin Sun and three of his companies, including Tron, with allegedly selling unregistered securities and manipulating the market. In February, the SEC, along with Jutsin Sun, filed a motion with the court to suspend the lawsuit in favor of a possible settlement after Trump expressed his desire for "more lenient regulation" of the crypto industry.