David Sacks Steps Down from Special Crypto Role
March 27, 2026
David Sacks recently announced the completion of his 130-day tenure as the specialized lead for crypto and artificial intelligence under President Donald Trump on March 26, 2026. Sacks has now transitioned to co-chair the President’s Council of Advisers on Science and Technology (PCAST), joining a team of industry and academic experts tasked with providing policy recommendations to the White House. His move to PCAST followed his divestment of over $200 million in digital asset-related holdings to adhere to federal ethics standards. While still maintaining his position as a partner at Craft Ventures, Sacks remains committed to advancing the administration’s new AI framework and advocating for local infrastructure improvements to ensure stable residential electricity rates.
In a recent interview with Bloomberg, Sacks expressed his enthusiasm for his new role at PCAST, stating, “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.” This transition marks a significant shift in Sacks’ involvement in shaping technology policy at the highest levels of government.
As a prominent figure in Silicon Valley and a founding partner of Craft Ventures, Sacks brings a wealth of experience and expertise to his new position on PCAST. With a focus on advancing the administration’s AI framework, Sacks is poised to play a pivotal role in shaping national technology policy moving forward.
While Sacks was initially appointed as a special government employee to oversee crypto and AI initiatives under President Trump, his move to PCAST signifies a broader mandate to provide science and technology policy recommendations directly to the president. This shift allows Sacks to lend his insights and expertise to a wider range of technology-related issues beyond crypto and AI.
Sacks’ departure from his role as a specialized government employee follows the completion of the 130-day work limit imposed on such positions within a year. His transition to co-chair of PCAST positions him at the forefront of shaping science and technology policy at the highest levels of government. With a keen focus on advancing the administration’s AI framework and advocating for essential infrastructure improvements, Sacks is poised to influence a wide range of technology-related initiatives in the coming years.
In summary, David Sacks’ transition from his role as a crypto and AI lead for President Trump to co-chair of PCAST represents a significant shift in his involvement in shaping technology policy at the federal level. With a focus on advancing the administration’s AI framework and advocating for critical infrastructure improvements, Sacks is well-positioned to make a lasting impact on national technology policy.
