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Tron to Go Public via Reverse Merger After US Halts Probe into Justin Sun

Crypto billionaire Justin Sun is preparing to take his digital asset platform Tron public in the US, just months after a major SEC investigation was paused.

Reverse Merger with Nasdaq-Listed SRM

Tron will go public through a reverse merger with SRM Entertainment, a Nasdaq-listed company. The deal is being orchestrated by Dominari Securities, a boutique investment bank based in New York and known for its ties to Donald Trump Jr. and Eric Trump.

The new entity will be named Tron Inc, and one source close to the matter confirmed that Eric Trump is expected to take an official role within the company.

Justin Sun's Tron Ties Up with Nasdaq-Listed SRM - Altcoin Buzz

$210 Million in Token Assets to Fuel Launch

As part of the transaction, Tron will inject up to $210 million in token assets into the newly merged company. The business strategy will mimic that of MicroStrategy, which pivoted into becoming a leveraged Bitcoin holder under founder Michael Saylor.

The move reflects the broader momentum in crypto ventures, especially amid increasing support from the Trump administration for the digital asset space.

Giá Bitcoin tăng lên 100.000 USD - Kinh tế số

SEC Investigation Paused Amid Political Shifts

In 2023, Sun and his companies faced charges from the US Securities and Exchange Commission (SEC) for allegedly selling unregistered securities and manipulating markets. However, after Donald Trump began his second term as President and indicated a more crypto-friendly stance, the SEC and Sun agreed in February 2025 to pause the case for potential settlement talks.

Biểu đồ đường giá cổ phiếu, $ cho thấy SRM Entertainment đã tăng vọt tới 280 phần trăm vào thứ Hai

Strengthening Trump Ties and Crypto Expansion

Sun has since deepened his relationship with the Trump family. In May 2025, he and other top holders of the $TRUMP memecoin attended a private banquet with President Trump. He also invested $75 million into World Liberty Financial, a Trump family-linked crypto company that recently launched its first stablecoin on the Tron blockchain.

Giá Bitcoin diễn biến trái chiều sau khi Trump lên tiếng về tiền điện tử | VTV.VN

From Controversy to Mainstream Finance

Sun is no stranger to controversy. Known for publicity stunts, he once paid $4.6 million for a charity lunch with Warren Buffett and later spent $6.2 million on an art piece — a banana taped to a wall — which he ate in front of media.

Born in China, Sun now holds citizenship from St Kitts and Nevis and previously served as Grenada’s envoy to the World Trade Organization.

Dominari Securities: The Trump Connection

Dominari Securities, which facilitated the Tron-SRM deal, is based in Trump Tower, just two floors below the Trump Organization. Shares in its parent company, Dominari Holdings, surged 580% in early 2025 after Donald Trump Jr. and Eric Trump were appointed to its advisory board.

Dominari has also raised funds for Elon Musk’s ventures, including SpaceX and xAI, and was behind the rebranding of its mining arm American Bitcoin, now in joint development with Hut 8.

A tiny bank in Trump Tower is making the president's sons even richer

Conclusion

As Tron prepares for its public debut in the US, the deal signals a new era of crypto-politics convergence, driven by high-profile figures and a regulatory shift under Trump’s second term.

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