Financial Times: Sun Yuchen's blockchain Tron will seek to go public in the United States
ChainCatcher news, according to the Financial Times, after U.S. regulators suspended their investigation, Sun Yuchen's blockchain Tron will seek to go public in the United States.According to two people familiar with the matter, Tron will achieve its listing through a reverse merger with SRM Entertainment, which is listed on Nasdaq. The deal is being handled by Dominari Securities, a boutique investment bank based in New York, linked to Donald Trump Jr. and Eric Trump.One of the sources stated that the newly formed company will purchase and hold Tron tokens (TRX), mimicking the strategy of Strategy (formerly MicroStrategy). The source also revealed that Eric Trump is expected to take a position in the new company, which will be named Tron Inc.In the transaction, Tron is expected to inject up to $210 million in token assets into the new company. This marks the latest example in the surge of crypto trading sparked by Trump's friendly stance towards the crypto asset industry since he took office for his second term as President of the United States.In 2023, the U.S. Securities and Exchange Commission (SEC) charged Sun Yuchen and his three companies (including Tron) with selling unregistered securities and manipulating the market. In February of this year, after Trump expressed a desire for "looser regulations" on the crypto industry, the SEC and Sun Yuchen jointly filed a motion with the court to suspend the lawsuit in search of a possible settlement.