David Sacks says his time as Trump's crypto and AI czar has ended

Venture capitalist David Sacks is stepping aside from his role as artificial intelligence and crypto czar for President Donald Trump.Sacks told Bloomberg on Thursday that he has "used up" his 130 days as a special government employee and is joining the President's Council of Advisers on Science & Technology."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," he said. "So yes, this is how I'll be involved moving forward."PCAST is a federal advisory committee composed of outside industry and academic experts that provides evidence-based recommendations to the president on technology, scientific research, and innovation policy.Sacks has been a prominent figure in the White House since Trump began his second term and frequently had the ear of the president.Sacks is a longtime Silicon Valley entrepreneur, operator and startup investor, who is currently a partner at Craft Ventures, which he co-founded in 2017.Sacks said Thursday that he will still work to push forward Trump's AI framework, which was released last week. Last fall, Sacks said the Trump administration does want to make permitting and power generation easier for companies, and that the goal is to facilitate rapid infrastructure buildouts without raising residential electricity rates.Last March, a White House memo revealed that Sacks sold over $200 million in digital asset-related investments. Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.

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