David Sacks’ role as President Donald Trump’s artificial intelligence and crypto czar is over after his 130-day term ended this month. But its scorecard and ratings in the crypto community are mixed.
The venture capitalist told Bloomberg on Thursday that he will join the President’s Council of Advisers on Science and Technology (PCAST) as co-chair.
I think moving forward as co-chair of PCAST, I can now make recommendations not just about AI, but a broader range of technology topics.
Mixed views on David Sacks’ scorecard
Sacks as crypto czar GENIUS ActA stablecoin legislation bill became law last year. This was also done in collaboration with Bo Hines, Trump’s chief crypto advisor at the time.
But after Bo Hines resigned and joined Tether, current White House chief crypto advisor Patrick Witt moved to coordinate the broader crypto market structure bill, the CLARITY Act.
There was an important policy agenda pushed by the sector in 2024. This included overhauling regulatory authorities (SEC and CFTC), establishing the US strategic Bitcoin reserve (SBR), and adopting clear rules through the GENIUS Act and CLARITY Act.
Currently, most of the agenda is covered by the ongoing CLARITY Act. However, the US SBR has been muted and has not received much attention lately. Unfortunately, some segments of the community use this as the main scorecard for Sacks.
For example, according to one user, both Bo Hines and David Sacks failed to police the current pile of BTC held by the US government and the way to create the corresponding reserve.
However, Token Relations Founder Jacquelyn Melinek dismissed the framework as “misleading.” He added:
This is misleading. David Sacks did not choose to be ‘removed’, he just finished his term. There are other people at WH who still advocate for digital assets and policies. Breathe.
Meanwhile, on prediction site Polymarket, the chances of SBR in the US before 2027 were below 30%.
Final Summary
- David Sacks’ era as AI and crypto czar is over with the President stepping into the tech council.
- But the crypto scorecard has sparked mixed reactions, even though it helped catalyze the GENIUS Act, a stablecoin bill.
