David Sacks concludes his role as Trump's crypto advisor, now co-chair of PCAST, while continuing to influence AI and digital asset regulations.
David Sacks has officially wrapped up his 130-day tenure as the special advisor to Donald Trump on artificial intelligence and digital assets. He has now been appointed co-chair of the President's Council of Advisors on Science and Technology (PCAST), as reported by Bloomberg.
"Continuing my work as co-chair of PCAST allows me to provide recommendations not just on AI but across a broader spectrum of technology issues," Sacks commented.
PCAST, established by presidential order in January 2025, recently welcomed its inaugural members, including Sacks and senior advisor Michael Kratsios as co-chairs. The council features 13 prominent figures from the technology sector such as Jensen Huang (Nvidia), Mark Zuckerberg (Meta), and Larry Ellison (Oracle). Fred Ehrsam, co-founder of Coinbase, represents the cryptocurrency industry on the council.
Sacks emphasized that a primary goal of PCAST is to streamline the U.S. AI strategy to ensure consistency across federal and state regulations. He noted,
"Currently, 50 states have different regulations, creating a patchwork that complicates compliance for innovators. The president has called for unified rules."
Sacks Maintains Role in Cryptocurrency Sector
Initially appointed in December 2024 as the first White House "czar" for virtual assets and AI, Sacks previously disclosed that he owned cryptocurrencies but divested before joining the administration. His role involved shaping the regulatory landscape for the crypto industry and he contributed to a report by the President's Working Group on Digital Assets released in July, which included regulatory recommendations.
He also played a part in advocating for the GENIUS Act focused on stablecoins and is currently pushing for the important CLARITY Act. Sources from Fox Business indicate that Sacks will continue to serve as the "crypto and AI czar" but with enhanced authority.
Additionally, in January 2026, Trump nominated Kevin Warsh, who is supportive of cryptocurrencies, to lead the Federal Reserve.
