David Sacks Exits Crypto Czar Role After 130 Days, And Nobody's Exactly Sad About It

Trump's crypto and AI czar David Sacks is stepping down from his special government employee (SGE) role after exactly 130 days. He's heading to join Mark Zuckerberg and Jensen Huang on Donald Trump's shiny new tech council instead. Because nothing says "accountability" like a comfortable landing on another board.

Sacks broke the news in an interview with Bloomberg, confirming what everyone with a calendar already knew: "In the first year of the Trump administration, I had that role as an SGE. I had 130 days. We've now used up that time." He'll continue as co-chair of PCAST, making recommendations on AI and "an expansive range of technology topics." Translation: same job, fancier title, zero actual crypto responsibilities.

Elon Musk, also an SGE for 130 days under Trump, stepped down similarly—but he won't be on the new tech council. The council does include Marc Andreessen and Sergey Brin, because of course it does. Someone get these tech bros a loyalty badge.

Sacks' tenure was... something. Under his watch, the administration loosened crypto regulations, Trump launched a memecoin, and the government promised a Strategic Bitcoin Reserve (SBR) that somehow became less impressive over time. Trump's son Eric publicly boasted about the family making $1 billion from various crypto ventures. In other news, the water is wet.

Sacks promised in February last year that the market structures bill (CLARITY Act) and stablecoin legislation (GENIUS Act) would pass within 100 days. The GENIUS Act eventually passed—well past the deadline—while the CLARITY Act continues to struggle. Promises made, promises broken, news at 11.

The New York Times revealed Sacks held over 400 investments in crypto and AI firms while serving as SGE, raising some eyebrows about conflicts of interest. The SBR got watered down significantly: the US wouldn't be buying any new Bitcoin, just using coins already seized and forfeited. Nothing says "strategic