Crypto Czar David Sacks leaves post to go to broader White House tech role as legislation faces challenges
David Sacks, the White House's former crypto and AI czar, is moving to co-chair the President's Council of Advisers on Science & Technology.Summary
David Sacks is stepping down from his role as the White House's crypto and artificial intelligence czar after his term as a special government employee concluded. He will transition to serving as a co-chair of the President’s Council of Advisers on Science & Technology (PCAST), which advises the president on AI, quantum computing, and a broader range of technology topics. Sacks was appointed to the original czar role in December 2024 by President Donald Trump and confirmed selling his crypto holdings before taking office. His departure occurs while comprehensive crypto regulation legislation faces ongoing challenges in Congress, particularly disagreements within the Senate Banking Committee regarding stablecoin rewards, even as industry advocates stress the urgency of passing a bill.
(Source：The Block)