In brief
Eric Trump has denied involvement in Tron’s attempt of a Nasdaq debut via SRM Entertainment.
He said he has “no public involvement” despite sitting on the board of a firm leading the deal.
It comes as Donald Trump’s crypto earnings topped $58 million in 2024.
Eric Trump has denied claims that he is involved in Tron’s planned debut on the Nasdaq, despite sitting on the advisory board of Dominari Securities, the investment bank brokering the deal.
“I’m the biggest fan of Tron and love @justinsuntron,” Trump wrote on X on Monday. “He is a great friend and an icon in the crypto space.”
But he rejected reports that he would take a role in the company. “I don’t have public involvement,” he said. The comment sparked speculation about what “private involvement” might exist.
Tron’s founder, Justin Sun, is planning to take the blockchain network public via a reverse merger with SRM Entertainment, a Florida-based company that produces theme park merchandise.
In a statement Monday, SRM announced Sun would serve as an advisor and that it had received a $100 million equity investment from an unnamed private investor.
The firm intends to rename itself “Tron” and begin accumulating TRX tokens as part of a new crypto treasury strategy.
Dominari Securities, a subsidiary of Dominari Holdings, is listed as the exclusive placement agent for a $210 million stock offering.
Eric and Donald Trump Jr. joined Dominari Holding’s advisory board in February this year. The firm operates out of Trump Tower, directly below the Trump Organization’s offices.
The Trump connection
Sun’s relationship with the Trumps has grown steadily.
In addition to attending a private dinner for Trump’s meme coin and acquiring a $75 million stake in World Liberty Financial, Sun is the largest holder of the $TRUMP token.
Following his investment in World Liberty Financial, the U.S. Securities and Exchange Commission paused an investigation into Tron and Sun that had been ongoing since 2023. It had accused Sun and his companies of market manipulation and selling unregistered securities.
Meanwhile, Trump’s family continues to leverage its political clout to profit from the crypto industry. Donald Trump’s crypto income has soared.
Disclosure filings released last Friday revealed that he earned $58 million from crypto ventures in 2024, primarily from WLFI token sales.
That figure was second only to his hospitality income, though crypto is expected to surpass it in 2025, fueled by a $390 million token sale and gains from his meme coin launched in January.
Dominari Securities and Tron have been contacted for comment.
Edited by Sebastian Sinclair
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