Venture capitalist David Sacks has ended his tenure as President Donald Trump's artificial intelligence and crypto czar, citing the completion of his 130-day term as a special government employee [1]. Sacks announced on March 26, 2026, that he will transition to a new role as co-chair of the President's Council of Advisers on Science & Technology (PCAST), a federal advisory committee that provides evidence-based recommendations to the president on technology, scientific research, and innovation policy [1].
Sacks stated, 'I think moving forward as co-chair of PCAST, I can now make recommendations on not just AI but an expanded range of technology topics,' indicating his continued involvement in shaping technology policy at the federal level [1]. He also confirmed that he will continue to advocate for Trump's AI framework, which was released the previous week [1].
Previously, Sacks had emphasized the Trump administration's intention to streamline permitting and power generation for companies, aiming to facilitate rapid infrastructure buildouts without increasing residential electricity rates [1]. Additionally, a White House memo from March revealed that Sacks sold over $200 million in digital asset-related investments [1].
Sacks, a longtime Silicon Valley entrepreneur and partner at Craft Ventures, has been a prominent figure in the White House since the start of Trump's second term, frequently advising the president on technology matters [1].
CONCLUSION
David Sacks' departure from his role as AI and crypto czar marks a shift in his government involvement, as he moves to co-chair the President's Council of Advisers on Science & Technology. His continued influence on technology policy and advocacy for Trump's AI framework suggest ongoing engagement with key innovation initiatives. The sale of over $200 million in digital asset-related investments and the administration's focus on infrastructure and energy policy may have medium-term implications for the tech and crypto sectors.