Tron, the crypto group founded by billionaire Justin Sun, is going public in the U.S. via a reverse merger with Nasdaq-listed SRM Entertainment, which will rebrand as Tron Inc. The move follows the U.S. SEC pausing its fraud probe into Sun in February 2025. SRM secured a $100 million investment to purchase Tron’s native token TRX, with potential expansion to $210 million through preferred stock and warrants. The deal, backed by politically connected Dominari Securities and Trump-linked advisors, positions Tron to capitalize on public markets. The strategy echoes MicroStrategy’s crypto-financing model, signaling renewed institutional confidence in crypto-related equities.