David Sacks’s 130-day term as AI and crypto czar for President Donald Trump expired this month, ending his formal role. The venture capitalist will join the President’s Council of Advisers on Science and Technology as co-chair. His crypto policy legacy is viewed with mixed reactions, centered on the advancement of stablecoin law and the stalled proposal for a U.S. strategic Bitcoin reserve.
David Sacks’s role as AI and crypto czar for President Donald Trump concluded after his 130-day term expired. On Thursday, he stated he will join the President’s Council of Advisers on Science and Technology as co-chair.
Sacks told Bloomberg, “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.” His tenure saw collaboration with then-chief crypto advisor Bo Hines to pass the GENIUS Act, a stablecoin law.
The broader crypto market structure bill, named The CLARITY Act, is now being coordinated by current White House crypto chief advisor Patrick Witt. A key 2024 policy agenda included regulatory overhaul and establishing a U.S. strategic Bitcoin reserve.
Progress on the agenda is mixed, with the CLARITY Act still in progress and the strategic reserve idea muted. Some community members criticize Sacks and Hines for failing to audit the government’s existing Bitcoin holdings.
Jacquelyn Melinek, Founder of Token Relations, dismissed this framing as misleading. She stated, “This is misleading. David Sacks didn’t choose to be ‘out,’ it’s just his term finished.”
Meanwhile, the chance for a U.S. strategic Bitcoin reserve before 2027 was priced below 30% on the predictions site Polymarket. The crypto community’s assessment of Sacks’s scorecard remains divided.
