Eric Trump Denies Involvement in Tron’s Public Offering but Praises Founder Justin Sun
Eric Trump, son of former U.S. President Donald Trump, has denied reports suggesting he will play a role in blockchain network Tron’s proposed public offering in the United States. While distancing himself from the venture, Trump expressed admiration for Tron’s founder, Justin Sun.
“I’m the biggest fan of Tron,” Trump wrote on social media, calling Sun a “great friend and icon in the crypto space.”
His comments came in response to a Financial Times report claiming he would be involved in Sun’s upcoming public venture. Trump refuted the report, making it clear he is not part of the initiative.
As reported by Cointelegraph, Tron is planning to go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment, a company known for its souvenir and merchandise business. Under the deal, SRM will rebrand as Tron Inc. and build a sizable TRX treasury, backed by a $100 million private equity investment.
Tron currently ranks as the ninth-largest blockchain network, with a market capitalization of $26.5 billion, according to CoinMarketCap.
Eric Trump and Justin Sun’s business relationship began at least as early as November, when Sun invested $30 million in World Liberty Financial (WLFI), becoming its largest investor.
Trump Family’s Expanding Crypto Interests
Eric Trump has played a prominent role in shaping his family’s crypto venture, World Liberty Financial, which rose to prominence during the U.S. presidential election season.
The project has been financially rewarding for the Trump family. Regulatory filings show former President Donald Trump earned $57.4 million from selling WLFI tokens.
In 2024, the Trumps expanded their crypto footprint with the launch of American Bitcoin, a digital asset mining firm. The company is preparing to go public through a merger with Dryphon Digital Mining.
Since its April launch, American Bitcoin has mined 215 BTC, currently worth around $23.3 million.
Eric Trump has been vocal about the strategic value of Bitcoin, calling it a “global arms race” during a panel at the Consensus conference in Toronto this May.
“Everybody in the world is trying to hoard Bitcoin right now. Everybody. I hear it from sovereign wealth funds. I hear it from the wealthiest families. I hear it from the biggest companies,” he said.
Meanwhile, scrutiny from U.S. lawmakers over the Trump family’s growing crypto empire continues to mount, raising questions about political influence and financial transparency.
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