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David Sacks Transitions from Crypto Czar to PCAST Co-Chair: What’s Next for Digital Asset Policy?
The tenure of David Sacks as the White House crypto and AI czar lasted precisely 130 working days—the maximum duration permitted under federal regulations governing special government employees. These rules restrict such appointments to no more than 130 days during any 12-month timeframe. During a Thursday, March 27 interview with Bloomberg, Sacks acknowledged stepping down from the czar position. However, he emphasized that his new assignment would continue providing opportunities to influence technology and cryptocurrency policy development. Sacks now assumes the role of co-chair for the President’s Council of ... (full story)