Donald Trump's sons are indirectly connected to Tron's plans to go public in US

Dominari Securities, a New York-based boutique investment bank, managed to secure a deal for Justin Sun’s digital asset platform Tron to go public in the US months after the pause of its fraud investigation. However, the bubble burst after Dominari securities were linked with Donald Trump Jr. and Eric Trump.

It all started after Tron’s announcement on Monday that it plans to go public in the US. According to reports, the digital platform will go public via a reverse merger with SRM Entertainment. This Nasdaq-listed company previously designed merchandise for theme parks before transitioning to crypto. 

The deal was brokered by Dominari Securities, which operates out of Trump Tower. The president’s sons joined their parent company, Dominari Holdings’ advisory board, earlier this year, which means they were involved in the setup.

According to reports, the two joined Dominari Holdings’ advisory board in February and received 750,000 shares each in part. They were given 250,000 and another 500,000 upon joining when the company hit a market cap milestone.

SRM Entertainment plans to raise $100 million from a private investor to buy TRON tokens and issue preferred shares and warrants that value the deal up to $210 million.

SRM said it plans to rebrand as Tron Inc., with Sun joining as an advisor. SRM said it will stake the TRON token, distribute dividends, and build long-term shareholder value through digital asset exposure, like Michael Saylor’s Strategy. Eric Trump has been mentioned in the new TRX treasury firm.

Although the President’s sons have been linked to Dominari’s holdings, Eric Trump has since denied any “public involvement” with Sun’s new venture.

Sun has long been seen as one of the most controversial people in the crypto business, and he is known for pulling stunts to get attention.

Dominari securities linked to Musk

American Bitcoin, the US crypto miner backed by the pair, was originally a wholly owned subsidiary of Dominari Holdings. It was previously called American Data Centers but rebranded in late March in a joint venture with another miner, Hut 8, to develop Bitcoin mining and a strategic reserve of the token.

Several of Elon Musk’s private companies, such as SpaceX and xAI, have also raised millions of dollars with help from Dominari Securities.

In addition, the new crypto-friendly rules put in place by Trump have helped big campaign donors who run crypto firms and Elon Musk, who spent almost $300 million to help Trump win. He has big Bitcoin interests through his electric car company, Tesla, and other businesses. 

Although Trump and Musk have a bad relationship now, the tech mogul’s crypto fortunes seem to have gotten better because of Trump’s plan to loosen regulations.

Justin Sun’s relationship with the Trump family

According to reports, Justin Sun has had ties with Trump and his crypto ventures. Soon after Trump was elected, Sun became an adviser and investor in World Liberty Financial, the Trump family’s crypto company. He also bought $75 million worth of their memecoin, $TRUMP, as soon as it came out in January.

The bond was built further after Sun claimed to be the largest holder of Trump’s memecoin and won a dinner invitation with the president as a top token holder. He publicly flaunted a $100,000 Donald Trump-branded watch he was awarded at a private dinner at Trump’s Virginia golf club.

Thank you Tron!!! @justinsuntron @worldlibertyfi #USD1 https://t.co/6CvSaIs04H

— Eric Trump (@EricTrump) June 11, 2025

On June 11, Sun announced that the first batch of USD1, a stablecoin issued by World Liberty Financial, a so-called DeFi project linked to the Trump family, had been minted on the Tron network. Sun was identified as the project’s largest investor and an adviser.

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