Donald Trump and his wife Melania’s new memecoins ignited criticism from crypto executives who were expecting the digital-asset sector to be treated seriously by the Republican’s incoming US administration.

A disclaimer on the memecoin’s official website says the coins “are digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA.

The token launch is a big positive for crypto builders in the U.S. following the Biden administration crackdown on digital assets, the report said.