Eric Trump Denies Involvement in Tron Nasdaq Listing
Eric Trump has denied any role in Tron’s planned public listing in the United States while praising the project’s founder, Justin Sun.
Tron’s attempt to go public via a reverse merger has raised concerns about the Trump family’s cryptocurrency ventures, with new details coming to light about Dominari Securities’ involvement and market reactions.
No Public Role for Eric Trump in Tron
Eric Trump posted on X on June 16, 2025, stating that, “I’m the biggest fan of Tron and love [Justin Sun]—he is a great friend and an icon in the crypto space. I don’t have public involvement in this company.”
The statement refuted speculations suggesting he would lead Tron’s public offering. His denial clears his name without distancing himself from Sun.
The Trump family’s expanding crypto portfolio, including their ties to Sun, has sparked public and political curiosity, prompting Eric’s need to address the speculation.
Tron’s Nasdaq Listing via SRM Merger
Tron, founded by Justin Sun, is preparing to go public in the United States through a reverse merger with SRM Entertainment, a Nasdaq-listed firm previously focused on theme park merchandise.
The deal, valued at up to $210 million, includes a $100 million private equity investment to establish a Tron (TRX) treasury, with SRM rebranding as Tron Inc. Dominari Securities, where Donald Trump Jr. and Eric Trump serve as advisory board members, facilitated the transaction, linking the Trump family to the deal.
Tron’s market capitalization stands at $26.21 billion, with TRX priced at approximately $0.28 as of June 17, 2025, following a minor boost. SRM’s stock surged 580% following the announcement, a sign of strong market interest.
TRX Price Chart (Source: CoinMarketCap)
Trump Family’s Crypto Moves Draw Congressional Eyes
Justin Sun’s financial ties to the Trump family extend beyond Tron. Sun invested $30 million in World Liberty Financial (WLFI), a Trump-backed crypto project, becoming its largest shareholder.
He also holds between $18.6 million and $20 million in $TRUMP meme coins, which earned him a private dinner with President Donald Trump in May 2025.
Meanwhile, the President earned $57.4 million in token sales from WLFI, according to his financial disclosure reports. Eric Trump co-founded American Bitcoin, a mining firm with 215 BTC valued at $23.3 million.
Those activities have attracted congressional attention, with Rep. Maxine Waters labeling them a “personal money-making machine” and Sen. Cynthia Lummis expressing concern about conflict of interest. Sun’s suspended SEC fraud charges from February 2025 further add levels of complexity.
