AI and cryptocurrency czar David Sacks "resigning" is actually a promotion? Transitioning to core technology advisor at the White House.

Bloomberg reported a key turning point in the tenure of AI and cryptocurrency czar David Sacks at the White House, leading some to interpret it as his “resignation.” However, he quickly clarified the situation in a personal post, causing a rapid reversal of the narrative.

David Sacks Joins the President’s Council of Advisors on Science and Technology (PCAST)

According to Bloomberg’s report, Sacks stated in an interview that he has concluded his term as a “special government employee,” and therefore is no longer serving in his original role as the AI and cryptocurrency czar. The report pointed out that this position has a time limit, and Sacks has used up his hours of service, thus formally stepping down.

However, the subsequent developments quickly took a turn. Sacks immediately posted on X (formerly Twitter), stating that after completing the first year of results, the Trump administration has greater technological priorities for 2026, and the President’s Council of Advisors on Science and Technology (PCAST) will be fully activated to bring more results to the United States. He emphasized that he will still be involved in the operations of the council, rather than truly leaving the core of policy-making.

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Sacks has transitioned to co-chair of PCAST, expanding his influence to broader tech issues such as AI, semiconductors, quantum technology, and energy. He is not exiting the power core but rather shifting from an executive czar role to a strategic advisory position.

All-In Podcast hosts become Trump technology advisors

Notably, David Sacks and another member of the advisory group, David Friedberg, are also hosts of the well-known tech and investment show All-In Podcast. Friedberg was the former CEO of agricultural tech company The Climate Corporation and later founded the venture capital and incubation platform The Production Board, focusing on investments in climate tech, biotech, and deep tech. He possesses cross-industry integration and capital allocation capabilities in Silicon Valley.

With Sacks and Friedberg both entering the core of the White House technology advisory team, the influence of All-In Podcast has been reevaluated by the public. The show has been known for its candid discussions on policy, capital markets, and tech trends, and now, with both hosts directly involved in national-level decision-making, it is seen not only as a discussion platform but also as an important public opinion node linking Silicon Valley capital, the tech industry, and Washington policies, resulting in increased market attention on the show itself.

This article, “AI and Cryptocurrency Czar David Sacks ‘Resigning’ is Actually a Promotion? Transitioning to the Core of White House Technology Advisors,” first appeared in Chain News ABMedia.