David Sachs is leaving the role of cryptocurrencies in the White House as major legislation remains unresolved

David Sachs is stepping down from his role as the White House’s chief AI and cryptocurrency officer, ending a brief tenure that helped reshape the US government’s approach to digital assets, but left several key legislative efforts incomplete.

in interview with Bloomberg On Thursday, Sachs said his term as a special government employee had ended after he reached the 130-day limit.

He will remain involved in the administration as co-chair of the President’s Council of Advisors on Science and Technology, where he will advise on a broader range of technology issues.

During his time in the White House, Sachs played a central role in shaping the Trump administration’s cryptocurrency agenda, including efforts to pass market structure and stablecoin legislation and support for the US Bitcoin Strategic Reserve.

He also pushed for clearer rules for digital assets and, like many in Trump’s circle, criticized the previous regulatory approach under the Biden administration as overly reliant on enforcement.

But some of the industry’s most anticipated reforms remain incomplete.

Sachs had said earlier The market structure and stablecoin legislation could be passed during the first administration decision 100 daysdespite those efforts I was met with resistance While Congress continues to debate the CLARITY Act beyond this timeline.

One early proposal to create a permanent White House “cryptocurrency council” featuring industry leaders never materialized, with the administration instead opting to… Periodic peaks An internal working group for digital assets after infighting in the industry convened the plan, according to what was previously reported Decryption Preparing reports.

Sachs was also involved in early discussions about digital asset management stocks and the Bitcoin Strategic Reserve, which are framed as part of a broader effort to position the United States as a global cryptocurrency hub.

To date, efforts on this front have not been fully realized. It is expected that the reserve will be planted continuously Bitcoin has been seized By the US government, although questions remain about whether and how additional purchases will be funded.

Before taking on the role, Sachs said he sold his character Crypto collectibles To avoid conflicts of interest, while continuing to advocate for a more specific regulatory framework for the industry.

Although he often denied the concerns he raised democratic Lawmakers and industry participants have raised concerns about Trump’s ties to World Liberty Financial, a DeFi company majority owned by the president’s children.

Sachs’s departure leaves the administration’s cryptocurrency policy agenda still a work in progress, with lawmakers continuing to debate how digital assets should be regulated in the United States, including which agencies should oversee different parts of the market and how stablecoins should be managed.

He said Thursday that he will continue to work on AI policy and technology strategy in his new advisory role.

“As co-chair of PCAST, I can now make a set of recommendations not only on artificial intelligence but also on an expanded range of technology topics,” Sachs said. “This is how I will be involved moving forward.”