Eric Trump, a son of US President Donald Trump, has denied reviews that he will likely be concerned in blockchain community Tron’s intent to pursue a public providing in the USA, although he had optimistic issues to say in regards to the mission’s founder, Justin Solar.
“I’m the most important fan of Tron,” Trump stated on social media, including that he admires Solar and considers him a “nice good friend and icon in the crypto house.”
Nevertheless, he denied an earlier report by the Monetary Instances claiming that he can be half of Solar’s new public venture.
As Cointelegraph reported, Tron plans to go public in the USA through a reverse merger with SRM Leisure, a Nasdaq-listed memento and merchandise firm. As half of the deal, SRM will rebrand as Tron Inc. and set up a considerable Tron 
TRXUSD treasury by way of a $100 million non-public fairness funding.
Tron is the world’s ninth-largest blockchain mission, with a market capitalization of $26.5 billion, in response to CoinMarketCap.
Eric Trump and Justin Solar’s enterprise connection dates again to no less than November, when the Tron founder turned World Liberty Monetary’s largest investor by buying $30 million value of WLFI tokens.
Eric Trump’s crypto ambitions lengthen past World Liberty Monetary
Eric Trump has been a key inspiration behind his household’s crypto platform, World Liberty Monetary, which gained prominence forward of the US presidential election.
World Liberty has confirmed to be a big monetary windfall for the Trump household, with current regulatory filings revealing that the president earned $57.4 million from the mission by way of the sale of its WLFI token.
The Trump household expanded its crypto ambitions earlier this yr by launching American Bitcoin, a digital asset mining firm set to go public by way of a merger with Dryphon Digital Mining.
Since its launch in April, the corporate has gathered 215 Bitcoin (BTC), at present valued at roughly $23.3 million.
American Bitcoin’s ballooning BTC stockpile is hardly shocking, on condition that Eric Trump has described Bitcoin as a worldwide arms race.
“Everyone in the world is making an attempt to hoard Bitcoin proper now. Everyone. I hear it from sovereign wealth funds. I hear it from the wealthiest households. I hear from the most important corporations,” Trump stated throughout a panel on the Consensus convention in Toronto, Canada, in Might.
Trump is underneath rising criticism from Congress concerning his household’s enterprise ventures in the crypto business.
