David Sacks Steps Down to Become Co-Chair of PCAST: Is the U.S. Crypto and AI Policy Direction Changing?

Gate News update: David Sacks has officially ended his 130-day tenure as White House Crypto and Artificial Intelligence Affairs Director and has moved on to become the co-chair of the President’s Council of Advisors on Science and Technology (PCAST), continuing to take part in U.S. technology policy-making. Under relevant rules, the term limit for government special appointees is 130 days within 12 months; this change is a role transition following the institutional expiration of his term.

Even though he is no longer serving as the “Crypto Czar,” Sacks’s new position remains consistent with his prior responsibilities. As co-chair of PCAST, he will participate in policy research on artificial intelligence, digital assets, and broader technology issues, and submit recommendations to the White House and relevant regulators after they are formed. White House insiders say his influence has not weakened; instead, it has expanded further in terms of the range of topics covered.

During his tenure, Sacks led the President’s Digital Asset Market Working Group. The group released a regulatory recommendations report in 2025, which had a significant impact on the policy framework for the U.S. crypto industry. In addition, he also helped advance a national-level artificial intelligence strategy, including adjustments to chip export rules and optimization of the federal regulatory pathway.

Of particular note, the lineup of PCAST members includes several key figures from the tech industry, such as Jensen Huang, Mark Zuckerberg, Larry Ellison, Lisa Su, and other corporate executives, indicating that the committee will focus on key areas including artificial intelligence, computing-power infrastructure, and national technological competitiveness.

Sacks has made clear that one of his future priorities is to promote a unified AI regulatory framework, avoiding enforcement confusion caused by policy fragmentation across U.S. states. He supports establishing a more consistent federal framework to improve regulatory efficiency and foster technological development.

This personnel change comes against the backdrop of ongoing adjustments to U.S. technology policy. As artificial intelligence and digital assets continue to rise in prominence in national strategy, the structure of policy-making is also gradually evolving. Sacks’s role transition may affect the coordination approach and rollout pace for future crypto and AI regulation.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

U.S.-Iran talks collapse triggers a sharp drop in gold prices, while Bitcoin quickly surges past $79k

Bitcoin rose above $79,000 during the Asian trading session on April 27. At the same time, the spot gold price fell to a low of $4,672.11 per ounce, with an intraday decline of more than $38. The backdrop is that U.S. President Trump canceled the itinerary of his special envoy to Islamabad, Pakistan, and the U.S.-Iran peace negotiations have hit a stalemate. Federal Reserve Chair Powell is scheduled to preside over his final news conference of his tenure at the Federal Open Market Committee (FOMC) on April 29.

MarketWhisper1h ago

DOJ Drops Probe into Powell, Clearing Path for Crypto-Friendly Kevin Warsh to Lead Fed

Gate News message, April 26 — The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for the Senate to confirm Kevin Warsh as the next Fed chair. U.S. Attorney for the District of Columbia Jeanine Pirro announced the

GateNews4h ago

Fed Holds Rates Steady in April With 100% Probability; June Rate Cut Odds at Just 4.7%

Gate News message, April 26 — According to CME FedWatch, the probability of the Federal Reserve holding rates steady in April stands at 100%. Looking ahead to June, the odds of a cumulative 25-basis-point rate cut are just 4.7%, while the probability of maintaining rates unchanged is 95.3%. The dat

GateNews7h ago

DOJ Drops Criminal Investigation Into Powell, Clearing Path for Crypto-Friendly Warsh to Lead Fed

Gate News message, April 26 — The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for the Senate to confirm Kevin Warsh as the incoming central bank chair. U.S. Attorney for the District of Columbia Jeanine Pirro

GateNews10h ago

Major Central Bank Decisions and Tech Earnings Set to Drive Markets Next Week

Gate News message, April 26 — Next week brings a super central bank week and earnings season, with the Federal Reserve, Bank of Japan, Bank of England, European Central Bank, and Bank of Canada all set to announce interest rate decisions. The Federal Reserve will release its rate decision at 2 a.m.

GateNews14h ago

DOJ Drops Criminal Probe into Powell, Clearing Path for Crypto-Friendly Warsh as Fed Chair

Gate News message, April 26 — The U.S. Department of Justice has closed its criminal investigation into Federal Reserve Chair Jerome Powell, removing a key obstacle to Senate confirmation of incoming Fed chair Kevin Warsh. U.S. Attorney for the District of Columbia Jeanine Pirro announced the

GateNews17h ago
Comment
0/400
No comments