Cryptocurrency czar David Sachs speaks to the media outside the White House ahead of the White House Cryptocurrency Summit to be held in Washington, DC, USA on March 7, 2025.
Evelyn HochsteinReuter
Venture capitalist David Sachs is stepping back from his role as President Donald Trump’s artificial intelligence and cryptocurrency czar.
Sachs told Bloomberg on Thursday that he has “used up” his 130 days as a special government employee and will join the president’s Council of Science and Technology Advisers.
“I think moving forward as co-chair of PCAST will allow me to make recommendations on a broader range of technology topics, not just AI,” he said. “Yes, this is how I will be involved going forward.”
PCAST is a federal advisory committee comprised of outside industry and academic experts that provides evidence-based recommendations to the President on technology, scientific research, and innovation policy.
Sachs has been a prominent figure in the White House since President Trump took office for his second term, and has often been in the president’s ear.
Sachs is a longtime Silicon Valley entrepreneur, operator, and startup investor, and is currently a partner at Craft Ventures, which he co-founded in 2017.
Sachs said Thursday that he will continue to work to advance President Trump’s AI framework announced last week.
Sachs said last fall that the Trump administration wanted to make it easier for companies to license and generate electricity, with the goal of promoting rapid infrastructure development without raising household electricity rates.
A White House memo from last March revealed that Sachs sold more than $200 million in investments related to digital assets.
