Cody Carbone, president of The Digital Chamber, said Trump's memecoin launch was not necessarily a surprise. "It's not the full embrace of crypto we expected, but who could be surprised?" he said. "If the President is comfortable embracing the meme craze, then I imagine he’s fully comfortable with Bitcoin, decentralization, and the myriad of wonderful use cases of blockchain technology." However, Carbone also warned investors to be vigilant. "I’m optimistic and hoping for the best, but do your own research," he said.