Venture capitalist David Sacks transitions from his role as Trump's crypto and AI advisor to leading a new White House tech group with key industry figures.
David Sacks, a venture capitalist appointed as a special White House official, has concluded his 130-day term as U.S. President Donald Trump's crypto and AI czar, as confirmed in a Bloomberg interview.
In his previous role, Sacks advised on technology policies, contributing to a 166-page report from the President's Working Group on Digital Asset Markets in July, which provided recommendations for crypto regulation.
Sacks' New Responsibilities
Sacks will now serve as co-chair of the President's Council of Advisors on Science and Technology (PCAST), where he will make policy recommendations across tech sectors, including AI and crypto.
The PCAST group includes prominent tech leaders such as Nvidia's Jensen Huang, Meta's Mark Zuckerberg, AMD's Lisa Su, Oracle's Larry Ellison, Marc Andreessen of Andreessen Horowitz, and Michael Dell of Dell Technologies.
According to Sacks, PCAST aims to align U.S. AI strategy between federal and state governments, addressing the challenge of varying state regulations that create a patchwork for innovators.
Sacks also played a key role in the Trump administration's AI framework released on March 20, which promotes AI innovation while protecting intellectual property and children, and supported legislation like the stablecoin-focused GENIUS Act in July.
A senior adviser to the president, as quoted by Fox Business, stated that Sacks will continue advising on AI and crypto while expanding to other tech issues through PCAST.
The only crypto-native member of PCAST is Fred Ehrsam, co-founder of Coinbase and Paradigm, indicating a broader tech focus that may emphasize AI over crypto specifics.
