Entrepreneur David Sacks has concluded his 130-day tenure as a special advisor to Donald Trump on AI and digital assets. The former ‘crypto czar’ has become the co-chair of the President’s Council of Advisors on Science and Technology (PCAST), reports Bloomberg.
“Continuing my work as co-chair of PCAST, I will be able to provide recommendations not only on AI but on a broader range of technological topics,” he stated.
The council was established by presidential order in January 2025, and Trump recently approved its first composition.
Alongside Sacks, senior advisor Michael Kratsios has also been appointed as co-chair. PCAST includes 13 leaders from the technology sector, among them Jensen Huang (Nvidia), Mark Zuckerberg (Meta), Lisa Su (AMD), Larry Ellison (Oracle), Marc Andreessen (Andreessen Horowitz), and Michael Dell (Dell Technologies).
The sole representative from the crypto industry on the council is Fred Ehrsam, co-founder of Coinbase and the venture fund Paradigm.
Sacks stated that one of PCAST’s key tasks is the unification of the U.S. AI strategy at both federal and regional levels.
“Currently, 50 states regulate this area differently, creating a patchwork regime that makes it difficult for innovators to comply. Therefore, the president has called for unified rules,” he explained.
Sacks to Continue Involvement with Cryptocurrencies
In December 2024, the U.S. president appointed Sacks as the first-ever White House ‘czar’ for virtual assets and artificial intelligence. Before taking office, the entrepreneur mentioned that he owned cryptocurrencies but sold them all before starting his role in the administration.
One of his tasks was to work on the regulatory framework for the industry. Sacks assisted the President’s Working Group on Financial Markets in releasing a report with recommendations for industry regulation in July.
The entrepreneur also played a role in the passage of the GENIUS Act, focused on stablecoins. He is currently continuing to promote the CLARITY Act, which is crucial for the market.
According to sources from Fox Business, Sacks will remain the ‘crypto and AI czar’ but with expanded powers.
Back in late January 2026, Trump nominated Kevin Warsh, “friendly to cryptocurrencies,” for the position of head of the Federal Reserve.