David Sachs Appointed Co-Chair of President’s Council on Science and Technology
David Sachs, who has been overseeing AI and cryptocurrency initiatives, has taken on a new leadership role as co-chair of the President’s Council of Advisors on Science and Technology (PCAST) amid ongoing efforts by the Trump administration to enhance its focus on science and technology.
President Donald Trump established PCAST through an executive order, aiming to gather prominent figures within the scientific and technological fields to offer guidance on policies that would bolster U.S. leadership in these sectors.
In this expanded role, Sachs will manage a wider array of technology issues, furthering the White House’s collaboration with top tech companies.
“We’ve achieved significant milestones in our first year, but the president’s vision is to maintain a strong commitment to all technology endeavors,” Sachs shared in a statement.
The council’s membership will include up to 24 individuals, featuring notable leaders such as Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, and Oracle co-founder Larry Ellison.
A senior adviser indicated to FOX Business that Sachs will retain his titles related to AI and cryptocurrencies while also broadening his portfolio of responsibilities.
“David remains the czar for cryptocurrencies and AI. However, this new position will allow him to offer counsel on a range of crucial technology matters,” the adviser stated.
Since assuming his role, Sachs has been instrumental in initiating policy changes that aim to redefine America’s approach to artificial intelligence, including easing prior restrictions and increasing federal oversight.
In his initial week in office, President Trump reversed previous policies that had adopted a more guarded stance regarding emerging technologies like AI and blockchain.
Another executive order was signed in December 2025, creating a national AI regulatory framework meant to preemptively address state regulations. This action emphasized the need for U.S. companies to innovate without excessive regulatory pressure.
In July 2025, the White House unveiled the “Win the AI Race” action plan, which outlined over 90 federal initiatives designed to accelerate technological innovation and bolster the nation’s standing in global AI security and development.
Recently, a new national AI policy framework was introduced, aiming to establish consistent development standards nationwide, while also tackling issues surrounding censorship, free speech, and child protection.
Sachs has also been key in shaping the administration’s approach to cryptocurrency.
Shortly after taking office, President Trump signed an order that advanced U.S. leadership in digital currencies, prohibited the development of central bank digital currencies, and launched a presidential task force on these matters.
In March 2025, President Trump signed another order that established the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile, positioning the nation as a leader in government-supported digital asset policies.
The passage of the GENIUS Act in July 2025 marked the first significant federal legislation concerning digital assets, establishing a regulatory structure for stablecoin payments. This bipartisan bill garnered support from both sides of Congress.
Furthermore, efforts to alleviate regulatory burdens on the cryptocurrency sector are underway, including closing several SEC investigations and appointing crypto-friendly leaders in critical agencies.
A significant action involved the defunding of the Consumer Financial Protection Bureau, which Sachs referred to as a “personal favorite,” claiming it had been the crypto industry’s most aggressive enforcement body.
