Sun Yuchen's TRON is going public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment, while the SEC has suspended its fraud investigation.
According to the latest news, TRON will achieve its goal of going public in the U.S. by reverse merging with Nasdaq-listed SRM Entertainment. This transaction is supported by Dominari Securities, an investment bank linked to the Trump family, and the new company will be named "Tron Inc." It is expected that Eric Trump, the second son of Donald Trump, will hold a position in the company. Additionally, the U.S. Securities and Exchange Commission (SEC) has suspended its fraud investigation into TRON founder Sun Yuchen and his project, clearing some regulatory hurdles for this listing.
TRON's choice of a reverse merger demonstrates strategic wisdom in efficiently entering the capital market, avoiding the complexities of a traditional IPO.
Eric Trump's involvement brings global attention to the project, which may boost the market heat for TRX, but could also spark controversy due to the political background.
The SEC's suspension of the investigation provides a more stable environment for TRON's listing plans, indicating progress in the project's compliance.
Tron Inc. outlook: The new company plans to hold TRX tokens, mimicking MicroStrategy's Bitcoin strategy, bringing new growth momentum to TRX prices and the TRON ecosystem.
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