TLDR

  • David Sacks has concluded his 130-day tenure as the crypto and AI czar for Trump.
  • He is now the co-chair of the President’s Council of Advisors on Science and Technology (PCAST).
  • The PCAST membership includes tech leaders such as Jensen Huang, Mark Zuckerberg, Marc Andreessen, and ten others.
  • Fred Ehrsam is the sole member with a background primarily in cryptocurrency on the 13-person council.
  • Sacks stated that a primary objective will be to establish a single, unified set of AI regulations applicable across all 50 states.

(SeaPRwire) –   David Sacks held the position of White House crypto and AI czar for a period of 130 working days. This duration is mandated by U.S. regulations governing special government employees, which limit service to 130 days in any 12-month span.

Sacks verified his exit from the czar role during a Bloomberg interview on Thursday, March 27. He indicated that his new appointment will continue to provide him with influence over technology and cryptocurrency policy.

He has now assumed the role of co-chair for the President’s Council of Advisors on Science and Technology, referred to as PCAST. The council is composed of 13 members selected from fields including artificial intelligence, cryptocurrency, healthcare, and quantum computing.

Who Is on the Council

Individuals joining Sacks on the council comprise Nvidia CEO Jensen Huang, Meta founder Mark Zuckerberg, AMD CEO Lisa Su, Oracle’s Larry Ellison, Dell founder Michael Dell, and Andreessen Horowitz co-founder Marc Andreessen.

Google co-founder Sergey Brin is also a member. Michael Kratsios, who held positions in both of Trump’s administrations, will serve as co-chair with Sacks.

Fred Ehrsam, the co-founder of Coinbase in 2012 and later a co-founder of the cryptocurrency venture capital firm Paradigm, is the only council member whose expertise is rooted in the crypto industry.

While serving as czar, Sacks contributed to the publication of a 166-page report on cryptocurrency regulation in July. He was also involved in the legislative process that led to the passage of the GENIUS Act, which concentrates on stablecoin regulation.

AI Regulation Takes Center Stage

On March 20, Sacks assisted the Trump administration in unveiling a framework for artificial intelligence designed to foster innovation while safeguarding children and intellectual property.

In his discussion with Bloomberg, Sacks made no reference to cryptocurrency. His remarks were exclusively centered on AI, quantum computing, and nuclear power.

He emphasized the challenge posed by each of the 50 states developing its own AI regulations. He described this as creating a “patchwork of regulation” that presents difficulties for companies to comply with.

“What the president has called for is one rulebook,” Sacks stated.

A senior White House adviser informed Fox Business that Sacks will still be regarded as the administration’s informal point person for crypto and AI. The adviser noted that the new position enables him to offer counsel on a wider spectrum of technological matters.

The council’s function will be to examine issues and provide formal advice to regulators. Sacks mentioned that the group intends to advance the AI framework that was introduced the previous week.

He also said that members would “study issues together” prior to formulating any formal recommendations.

The GENIUS Act, which Sacks aided in passing, is centered on stablecoin regulation. He remains an advocate for the CLARITY Act, a more comprehensive bill concerning crypto market structure.

The 130-day service limit for special government employees is not applicable to his new role as PCAST co-chair.

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