Trump’s wealthiest dinner guest eyes US stock market IPO

2025-06-16 15:58:59

Trump’s wealthiest dinner guest eyes US stock market IPO originally appeared on TheStreet.

The Tron crypto project reportedly wants to go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment. This will give the new company, Tron Inc., up to $210 million in token assets.

According to Financial Times, Tron Inc. will adopt a strategy similar to Strategy, previously MicroStrategy, of buying and holding crypto as a key treasury asset.

The new firm will acquire and hold the Tron currency, emulating Strategy, whose founder Michael Saylor has converted it into a leveraged Bitcoin vehicle, one of the persons said The individual also mentioned that Eric Trump is anticipated to assume a position at Tron Inc.

Tron is a blockchain platform founded by crypto billionaire Justin Sun The deal is structured by Dominari Securities, a boutique investment bank based out of Trump Tower.

The SRM acquisition comes only four months after the Securities and Exchange Commission (SEC) paused its fraud case against Sun and several of his businesses to examine a potential settlement.

Justin Sun and Trump’s ventures

Sun has forged quite the relationship with President Donald Trump and his family. In May, Sun and the top 220 holders of the $TRUMP meme coin attended a banquet at Trump National Golf Club.

Earlier, he invested $75 million into World Liberty Financial, the Trump family-backed crypto project from which Donald Trump earned $57 million personally.

Further, World Liberty recently launched its first stablecoin on the Tron blockchain.

As reported by CNBC on May 20, Justin Sun claimed to be the top holder of $TRUMP and attended a private dinner along with 219 other guests with Donald Trump, besides a VIP reception. Sun held $18.6 million of $TRUMP tokens. Both the billionaire founder and Trump have come under fire for their crypto initiatives.

The high-profile event garnered international interest, especially with TRON founder Justin Sun in attendance, who said he was “awarded” with a Trump-branded Golden Tourbillon.

With 72% of participants coming from outside America, the spectacle stirred up plenty of controversy and prompted about 100 protesters to gather outside chanting “America is not for sale” to denounce the influence of foreign crypto billionaires in U.S. politics and the excessive access he received.

Trump’s wealthiest dinner guest eyes US stock market IPO first appeared on TheStreet on Jun 16, 2025

This story was originally reported by TheStreet on Jun 16, 2025, where it first appeared.

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