White House cryptocurrency official to resign, appointed as co-chair of Trump's Technology Advisory Council

MaticHoleFiller · 2026-03-28T06:53:22+00:00

David Sachs is about to step down from his role as the White House's Cryptocurrency and Artificial Intelligence Affairs Coordinator, but he won't be leaving too far.On Thursday, Sachs announced that he will serve as co-chair of the President's Council of Advisors on Science and Technology. The council's responsibility is to advise the president on fields such as artificial intelligence and quantum computing.Sachs stated that his 130-day tenure as a special government employee has come to an end."After transitioning to co-chair of the President's Council of Advisors on Science and Technology, I can now not only provide advice on artificial intelligence but also on broader technological issues," he said. "Yes, this is how I will be involved moving forward."A day earlier, President Donald Trump announced the initial members of the council. The council was established pursuant to an executive order issued in January 2025.

MaticHoleFiller

2026-03-28 06:53:22

David Sachs is about to step down as the White House’s cryptocurrency and artificial intelligence affairs director, but he won’t be going far.

Sachs said on Thursday that he will become the co-chair of the President’s Council of Advisors on Science and Technology. The council’s duty is to advise the president on matters such as artificial intelligence and quantum computing.

Sachs stated that his 130-day term as a special government employee has ended.

“After transitioning to co-chair of the President’s Council of Advisors on Science and Technology, I can now provide advice not only on artificial intelligence but also on a broader range of technology issues,” he said. “Yes, this is how I will engage in my work moving forward.”

A day earlier, President Donald Trump announced the first members of the council. The council was established under an executive order in January 2025.

Sachs will co-chair alongside senior advisor Michael Kratsios. Members include entrepreneur Marc Andreessen, Coinbase co-founder Fred Ehrsam, Oracle’s Chief Technology Officer Larry Ellison, and Meta’s CEO Mark Zuckerberg.

In December 2024, Trump appointed Sachs as the White House’s first director of cryptocurrency and artificial intelligence affairs. Sachs indicated that he previously held cryptocurrencies but had sold all of them before the Trump administration took office.

His departure comes as lawmakers in Washington continue to work on comprehensive cryptocurrency regulation. The proposed legislation would divide regulatory authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

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Editor: Chen Yujia

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