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The report by the Financial Times on Monday, citing people familiar with the matter, informs that the Justin Sun-founded blockchain project has partnered with Dominari Securities, an investment firm with ties to the US President, Donald Trump, to manage the deal.<\/p>\n
The joint entity will buy and hold Tron\u2019s native token, TRX, in a move that will resemble, to a large extent, what Michael Saylor\u2019s Strategy is doing<\/a> with Bitcoin.<\/p>\n Eric Trump, one of the POTUS\u2019s sons, will have a role in the new firm, although the FT didn\u2019t provide<\/a> any specifics.<\/p>\n These developments are in stark contrast to Justin Sun\u2019s history with the former presidential administration and the Gary Gensler-led SEC. Just over two years ago, Sun and his companies were charged<\/a> by the securities watchdog for fraud and other law violations.<\/p>\n However, the Tron founder has established a closer and friendlier relationship with the 47th US President, Donald Trump.<\/p>\n Recall that the blockchain executive attended<\/a> a special dinner event organized by Trump\u2019s team for the largest holders of Official Trump, the meme coin linked to the President.<\/p>\n Sun has been openly praising the current administration, saying<\/a> in an interview with CoinDesk after the TRUMP dinner that haters should really pay attention to what\u2019s going on in the US.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n