Tron: Eric Trump clarifies that he is not involved in the IPO, but that he is a fan of Justin Sun

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Eric Trump, son of the USA President Donald Trump, clarified that he has no public involvement in the IPO of Tron, the crypto company behind TRX. In practice, while Tron plans its public offering in the USA, Eric stated that he is a big fan of Tron and Justin Sun but is not involved. 

Tron and the public offering plan in the USA: Eric Trump is not involved

According to the report by FT, the crypto company behind TRX, Tron, seems to be planning its public offering in the USA.

In practice, thanks to a merger agreement with SRM Entertainment listed on Nasdaq, Tron should create a new entity Tron Inc. and aim for its debut precisely on Nasdaq. 

The new Tron Inc should hold substantial amounts of TRX, the native digital asset of Tron, up to 210 million dollars of tokens

The chosen structure for Tron Inc refers to the Bitcoin-based treasury model of Strategy, positioning itself as a publicly traded vehicle to leverage its cryptocurrency reserves.

Also in this report, however, it was indicated that Eric Trump, son of the President of the United States Donald Trump, could take on a leadership position within the new company.

In this regard, Eric Trump wrote the following on X:

Source: Eric Trump on X

“@tier10k I am the biggest fan of Tron and I love @justinsuntron – he is a great friend and an icon in the cryptocurrency space. That said, the following is inaccurate – I do not have a public involvement.”

Tron: Eric Trump is not involved in the new bull crypto company USA

From what it seems, therefore, Eric Trump denies his public involvement with the new entity that will be created for the IPO of Tron in the USA market. 

However, the strong connection between the founder of Tron, Justin Sun, and the Trump family, especially with crypto projects, is now well known. 

In fact, just recently, Eric Trump thanked on X for the first mint of the stablecoin USD1 by World Liberty Finance (WLFI) on the Tron blockchain, as follows:

Despite the shared enthusiasm, however, it seems that Eric Trump is not reciprocating Sun’s strong participation in WLFI, given that the CEO of Tron is the major investor of WLFI.

“The whole world is trying to accumulate Bitcoin (BTC)”

And speaking of Eric Trump, last month, during an exclusive forum for investors in Miami, the son of the US President emphasized how “the whole world is trying to accumulate Bitcoin.” 

Eric Trump has become a spokesperson for a triplice strategia che abbraccia Bitcoin: 1) integrare bitcoin nelle riserve nazionali; 2) semplificare la regolamentazione crypto e 3) l’educazione digitale con una campagna di alfabetizzazione su BTC. 

In this regard, Eric Trump said: 

“Bitcoin is freedom. The whole world is waking up. America must lead, not chase.”