Crypto group Tron to go public after US pauses probe into billionaire founder

Description

Crypto billionaire Justin Sun’s digital asset platform Tron is set to go public in the US, four months after market regulators agreed to pause a fraud investigation into several of his companies.

Authors

George Steer

Philip Stafford

Publish date

June 16, 2025

Publisher

The Financial Times

Related people

Justin Sun

Related projects

Tron

Referenced by

Sun has since moved to strengthen his relationship with the Trump family. In May, Sun and the other 24 top holders of the $Trump memecoin attended a banquet with the president at the Trump National Golf Club in Virginia.

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In 2023, Sun and three of his companies, including Tron, were charged by the Securities and Exchange Commission, the US markets regulator, over allegations that they had sold unregistered securities and manipulated the market

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The new venture will buy and hold the Tron token, mimicking the tactics of Strategy, formerly MicroStrategy, which founder Michael Saylor has turned into a leveraged bitcoin vehicle, one of the people said. Eric Trump is expected to take up a role at the company, which will be called Tron Inc, the person added.

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