Eric Trump Takes Leadership Role At Tron

Eric Trump, the son of US President Donald Trump will be taking on a leadership role at TRON after Nasdaq-listed SRM Entertainment announced on Monday that it will be creating a Tron corporate treasury valued at up to $210 million.

SRM Entertainment will be no more, as the company will be rebranding itself as Tron inc as it pivots itself into the world of crypto following the clearing of the crypto landscape in the United States.

Under the terms of the deal, SRM Entertainment has entered into a securities purchase agreement with a private investor for a $100 million equity investment to fund its Tron (TRX) treasury strategy.

Tron founder Justin Sun will join the company as an adviser, bringing his extensive expertise and influence to the new venture.

The investment will be used to establish a robust Tron treasury, with the potential to grow to $210 million if all warrants are exercised.

As part of the agreement, SRM will issue 100,000 shares of Series B convertible preferred stock, which can be converted into 200 million shares of common stock at $0.50 per share.

Additionally, the company will issue 220 million warrants, allowing for the acquisition of up to 220 million shares of common stock at the same exercise price.

This structure is intended to provide significant flexibility and long-term value for shareholders.

The deal was structured by Dominari Securities, an investment bank with reported ties to the family of former US President Donald Trump.

Tron Inc's Staking And Dividends Strategy

Tron Inc. plans to implement a dividend policy following the launch of a TRX staking program using company assets.

In the announcement, Justin Sun emphasized the growing real-world usage of blockchains and stablecoins, noting that Tron now boasts over 310 million international user accounts and processes average daily transactions exceeding $20 billion year-to-date.

“TRON strives to be the protocol of choice for onchain settlement serving the mass populations worldwide.”

The announcement follows recent data showing that stablecoin issuer Tether minted another $1 billion in USDT tokens on the Tron network, pushing its authorized USDT supply beyond that of Ethereum.

SEC Drops TRON's Case

The development comes amid a notable easing of tensions between the US Securities and Exchange Commission (SEC) and Justin Sun.

The SEC’s case against Sun, which had accused him of market manipulation and unregistered securities offerings, has been paused to facilitate settlement talks.

This regulatory reprieve has cleared the way for Tron’s ambitious public listing and treasury plans.

Justin Sun has also been in the spotlight for his significant investment in Trump’s official memecoin, which qualified him for a high-profile dinner and reception with the former US president.

As Tron Inc. prepares to enter its next chapter, the company is poised to become a major player in the crypto and blockchain sectors, with a unique blend of technological innovation, financial strategy, and high-profile partnerships.