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White House crypto czar David Sacks transfers to presidential advisory committee role

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coindesk
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4 hours ago
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What to know : Kraken's recent victory in getting a limited version of a Federal Reserve master account is under some scrutiny from a senior lawmaker in the U.S. House of Representatives. Representatives Maxine Waters, the senior Democrat in the House Financial Services Committee, sent a letter to the president of the regional Fed...

White House AI and Crypto Czar David Sacks is changing titles and joining the President’s Council of Advisors on Science and Technology as co-chair, he announced Thursday.

Sacks, who was named U.S. President Donald Trump's crypto and AI czar before Trump retook office last January, has overseen the White House's early work on crypto initiatives, including the passage of the stablecoin-focused GENIUS Act and more recently, work around the crypto market structure bill.

"PCAST is the principal body of external advisors tasked with shaping science, technology, and innovation policy for the President and the White House," he said in a post on X (formerly Twitter). "Thirteen of the world’s most accomplished leaders in science and technology will join us as this PCAST’s initial members."

Sacks told Bloomberg earlier Thursday that his czar role was designated as a "special government employee," meaning he legally could only serve in that position for 130 working days. Democrats in Congress had already raised concerns that he had exceeded this period last fall.

He does not have this same issue serving as a co-chair on the advisory committee.

Sacks said in the Bloomberg interview that the council would make policy recommendations and conduct studies around artificial intelligence, quantum computing, nuclear power and other "cutting edge technologies."

"I think you can expect us to make some recommendations in those areas. We want to push forward the president's A.I. framework that was already released just last week," Sacks said in the interview. "So you'll see, I think, a lot of activity around that. But it will also be other areas as well."

Sacks did not mention crypto in the interview.

Other members of the committee include Andreessen Horowitz co-founder Marc Andreessen, Google co-founder Sergey Brin, Dell founder Michael Dell, early Coinbase backer Fred Ehrsam, NVIDIA CEO Jensen Huang, AMD CEO Lisa Su and Meta (formerly Facebook) founder Mark Zuckerberg, among others. Michael Kratsios, who's served in both of Trump's administrations, will serve as the co-chair.

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