Entrepreneur David Sacks has completed his 130-day term as special advisor to Donald Trump on AI and digital assets. The former "crypto czar" has been appointed co-chair of the President's Council of Advisors on Science and Technology (PCAST), according to Bloomberg.

"By continuing my work as co-chair of PCAST, I will be able to provide recommendations not only on AI but also on a broader range of technology topics," he stated.

The council was established by presidential decree in January 2025, and Trump recently approved its inaugural members.

Alongside Sacks, senior advisor Michael Kratsios has also been appointed co-chair. PCAST includes 13 leaders from the tech sector, including Jensen Huang (Nvidia), Mark Zuckerberg (Meta), Lisa Su (AMD), Larry Ellison (Oracle), Marc Andreessen (Andreessen Horowitz), and Michael Dell (Dell Technologies).

The only representative from the crypto industry on the council is Fred Ehrsam, co-founder of the Coinbase exchange and venture fund Paradigm.

Sacks noted that one of PCAST's key objectives is to unify the U.S. AI strategy at both federal and state 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 in Cryptocurrency

In December 2024, President Trump appointed Sacks as the first-ever "czar" of the White House for virtual assets and artificial intelligence. Before taking office, Sacks stated that he owned cryptocurrencies but sold all of them prior to joining the administration.

One of his responsibilities was to work on the regulatory framework for the industry. Sacks assisted the President's Working Group on Digital Assets in releasing a report in July with recommendations for regulating the industry.

The entrepreneur also played a role in the passage of the GENIUS Act, which focuses on stablecoins. He is currently advocating for the market-critical CLARITY Act.

According to sources from Fox Business, Sacks will remain the "crypto and AI czar" but with expanded powers.

It is worth noting that at the end of January 2026, Trump nominated Kevin Warsh, who is friendly towards cryptocurrencies, to head the Federal Reserve.