Justin Sun, the China-born crypto entrepreneur with ties to the Trump family who saw a federal investigation of his business interests paused earlier this year, is set to take his Tron blockchain platform public in the US through a reverse merger.

The Trump Organization announced the launch of a $499 smartphone and a $47.45 monthly plan on June 16.

The U.S. Senate is poised to vote on the Trump administration’s landmark stablecoin bill, predicted to "unleash" trillions of

Trading of cryptocurrencies began in online forums and obscure exchanges, where buying and holding tokens was the norm. But making leveraged bets — a common tool in traditional finance that allows investors to take a large position with a small amount of capital — was nearly impossible.

The meme coin launched by the President-elect on January 18, just two days before his return to the White House, has lost more than half its value in less than five months.

Through a merger with SRM Entertainment, Tron will go public injecting $210M in tokens as part of a Trump-aligned crypto push.

Donald Trump earned more than $600 million in income from cryptocurrency, golf clubs, licensing, and other ventures in 2024, according to a Reuters report citing a public financial disclosure. The document shows that Trump made significant gains from crypto last year and reported assets worth at least $1.

Donald Trump earned $57.4 million in 2024 from his crypto venture, World Liberty Financial, through token sales. His executive order on digital assets further solidified his strategic interest in the crypto space.