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Home CRYPTO

Eric Trump Backs Tron TRX But Denies Role in $210M Deal

Michael Juanico by Michael Juanico
June 16, 2025
in CRYPTO, FINANCE, OPINION
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  • Trump Mobile, a new wireless venture from the Trump family, launched with a $499 gold smartphone and bundled lifestyle services.
  • Key business details, including financial terms and manufacturing partners, remain undisclosed.
  • Trump’s 2024 financial disclosures show $600M+ in income, raising ongoing concerns about profiting from the presidency.

The Trump family has rolled out a new business venture, this time launching “Trump Mobile,” a U.S.-based wireless service and smartphone brand. Announced at Trump Tower, the mobile service will piggyback on the networks of the three major U.S. carriers and offer a bundled subscription model with features like telemedicine, global texting, and even roadside assistance. Donald Trump Jr. described the initiative as an all-in-one lifestyle offering, capped off with a gold-colored smartphone, priced at $499 and said to be built in the U.S.

JUST IN: 🇺🇸 Eric Trump says he is the "biggest fan" of $TRX and loves founder Justin Sun, but denies involvement with Tron's public venture pic.twitter.com/QcptKD1F09

— BlockNews (@blocknewsdotcom) June 16, 2025

Unclear Partners, Big Promises

While the product was unveiled with flashy language, key details remain murky. The identity of the Trump family’s business partner and the financial arrangements behind the licensing deal weren’t revealed. Additionally, experts are skeptical about the claim of building a U.S.-made smartphone at that price, given the lack of manufacturing infrastructure and higher costs stateside. Trump Jr. insisted the product would be sleek, functional, and domestically designed, though questions persist.

Wealth Building Continues Under the Trump Name

Despite Trump’s claims of separating from his business interests, financial disclosures tell a different story. The president reported $600 million in income in 2024 from ventures like golf courses, crypto projects, and licensing deals.

.@tier10k I’m the biggest fan of Tron and love @justinsuntron – he is a great friend and an icon in the crypto space. That said the below is inaccurate – I don’t have public involvement. https://t.co/CDt0uudY1s

— Eric Trump (@EricTrump) June 16, 2025

Since then, the Trump family’s crypto projects alone have generated hundreds of millions more. Critics argue Trump continues to use the presidency as a personal wealth generator, with Harvard’s Lawrence Lessig pointing to ventures like Trump Mobile as prime examples.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BusinesscryptoDonald Trump Jr.Trump familyTrump Mobile
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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