Tron, a top blockchain platform, is making headlines with a move to go public in the United States. The platform is set to go public in a $210 million reverse merger deal with SRM Entertainment. Created by top crypto entrepreneur Justin Sun, Tron protocol is recognized as a blockchain that supports the development of decentralized applications (dApps) and hosts several stablecoins.
The move to go public comes just four months after the U.S. Securities and Exchange Commission (SEC) paused a fraud investigation involving Sun. It also follows a broader shift in U.S. regulatory sentiment, especially under President Donald Trump’s second term.
Tron’s Plan to Go Public in a $210M Deal
As per a recent report by Financial Times, Tron will go public through a $210 million reverse merger with SRM Entertainment, a Nasdaq-listed company. Dominari Securities, a New York-based investment firm with strong ties to former President Donald Trump sons, will spearhead the deal. As part of this high-profile merger, Tron and SRM entertainment will form a new company, Tron Inc.
NEW: CRYPTO GROUP TRON TO GO PUBLIC AFTER US PAUSES PROBE INTO BILLIONAIRE FOUNDER – PER FINANCIAL TIMES SOURCES pic.twitter.com/v9rlJRzZmh
— DEGEN NEWS (@DegenerateNews) June 16, 2025
Tron Inc. will serve as a holding company with the plan to hold a significant quantity of TRX, the native token of the Tron blockchain. The merger will also resemble the approach of a bitcoin company Strategy (previously MicroStrategy). Strategy is currently the largest institutional holder of Bitcoin with a total of 592,100 BTC.
According to sources familiar with the deal, Donald Trump’s son Eric Trump, will hold an active leadership position at Tron Inc. This further adds the strong political connection to the move. With a strong political connection and improved regulatory backing, Tron is positioning itself to become a popular crypto firm in the public U.S market. There is a growing trend for blockchain institutions to go public with the recent one being USDC stablecoin issuer Circle.
Justin Sun Deepens Ties with Pro-Crypto Public Figures
With the U.S SEC having paused its legal action against the Tron founder, Sun has been making more effort to gain favor with influential political partners. In May, he joined the top 25 holders of the $Trump memecoin at a banquet hosted by President Trump at the Trump National Golf Club in Virginia.
In a different move, Sun also invested $75 million into World Liberty Financial (WLFI), a Trump-associated crypto firm. WLFI has since introduced its first stablecoin (USD1) on the Tron blockchain.
The SEC had accused Justin Sun of unregistered securities and market manipulation. However, the paused investigation indicates the possibility of a de-escalation. With strong political backing and Wall Street ties, Tron could enter a new phase of mainstream legitimacy.
Tron’s public listing in the U.S will thus do more than provide vindication to Justin Sun, who has been in the spotlight for publicity stunts and controversial moves. The public offering will also serve as the genesis of even greater efforts to integrate Tron into the U.S. financial system.
TRX Price Performance Amid Tron Reverse Merger Deal
The price of Tron (TRX) is surging following the news that Tron is set to go public in the U.S. Notably, TRX experienced a dramatic surge from $0.2702 to $0.2878 before dropping to $0.2785 at press time according to data by CoinMarketCap. Nevertheless, TRX has pumped by 2.17% over the last 24 hours.
Tron’s trading volume has also surged by 230.80% over the last 24 hours. The trading volume currently recorded over this period is $1.02 billion. The token’s market capitalization has also surged to $26.41 billion.
The upcoming public debut of Tron will be an important event in the crypto industry. This move will also be significant for TRX, as it could place it for mainstream adoption in the United States, backed by solid political support.
