Crypto Group Tron to Go Public via Reverse Merger Amid High Stakes
The crypto group Tron, led by notable figure Justin Sun, is set to go public in the U.S. through a reverse merger with SRM Entertainment, a deal backed by connections to the Trump family. The merger is expected to create a significant treasury with an investment strategy, including a hefty $210 million allocation for TRX tokens. This move comes as recent scrutiny from the U.S. Securities and Exchange Commission has paused an investigation into Sun, allowing for a clearer path to the public listing. The announcement has already triggered a substantial rally in SRM stock, soaring over 600%, and raised questions about the implications of such political ties in the cryptocurrency space.
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