David Sacks is set to conclude his role as the White House's lead on cryptocurrency and artificial intelligence matters, though he will remain closely involved.

On Thursday, Sacks announced he will assume the position of co-chair of the President's Council of Advisors on Science and Technology. This council is tasked with providing guidance to the President on areas including artificial intelligence and quantum computing.

Sacks stated that his 130-day tenure as a special government employee has concluded.

"Transitioning to the role of co-chair for the President's Council of Advisors on Science and Technology will allow me to offer counsel not just on AI, but on a wider array of technological subjects," he said. "Indeed, this is the capacity in which I will continue my involvement."

This announcement follows President Donald Trump's revelation of the council's initial members just one day prior. The council was established pursuant to an executive order issued in January 2025.

Sacks will serve as co-chair alongside Senior Advisor Michael Kratsios. The council's membership includes entrepreneur Marc Andreessen, Coinbase co-founder Fred Ehrsam, Oracle Chief Technology Officer Larry Ellison, and Meta CEO Mark Zuckerberg.

In December 2024, Trump appointed Sacks as the first-ever White House official responsible for cryptocurrency and AI. Sacks noted that he previously held cryptocurrency assets but divested all of them prior to the Trump administration taking office.

His departure comes as lawmakers in Washington continue their efforts to formulate comprehensive regulatory frameworks for the cryptocurrency sector. The proposed legislation aims to delineate regulatory authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission.