David Sacks is leaving his post as the White House's crypto and artificial intelligence czar, but he isn't going far.
On Thursday, Sacks told Bloomberg he would be co-chair of the President’s Council of Advisers on Science & Technology (PCAST). The group is tasked with advising the president on areas around AI and quantum computing, among other areas.
Sacks said his 130 days as a special government employee were up.
"Moving forward as a co-chair of PCAST, I can now make recommendations on not just about AI, but an extended range of technology topics," he told Bloomberg. "So yes, this is how I will be involved moving forward."
A day earlier, President Donald Trump announced the first members of the group, which was created through an executive order in January 2025.
Sacks will co-chair with senior advisor Michael Kratsios. Members include entrepreneur Marc Andreessen, Coinbase co-founder Fred Ehrsam, Oracle Chief Technology Officer Larry Ellison, and Meta CEO Mark Zuckerberg.
In December 2024, Trump appointed Sacks to be the first-ever crypto and AI czar for the White House. Sacks said he previously held crypto, but he said he sold it all before the start of the Trump administration.
His departure comes as lawmakers in Washington continue working toward comprehensive crypto regulation. Proposed legislation would split oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The House passed its version of a market structure bill — the Clarity Act — with bipartisan support last year. In January, the Senate Agriculture Committee advanced its own version along party lines, though progress has since stalled in the Senate Banking Committee amid disagreements, particularly over the treatment of stablecoin rewards.
Tensions within the crypto industry were also visible on Thursday, as advocates debated the urgency of passing legislation.
"We have this moment where their voices can rise above the anti-tech, pro-authoritarian left and right," said Coin Center Executive Director Peter Van Valkenburgh, in a blog post. "If we lose this moment because we thought we’d have a bit more revenue and a bit more latitude under the short-term friendly discretion of the current administration, then we lose our way."
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