The White House cryptocurrency czar will resign and become co-chair of the Trump Technology Advisory Committee.

David Sachs is about to step down from his role as the White House's cryptocurrency and artificial intelligence affairs manager, but he won't be going too far. Sachs announced on Thursday that he will be taking on the role of co-chair of the President's Council of Advisors on Science and Technology. The council's responsibilities include providing advice to the president in areas such as artificial intelligence and quantum computing. Sachs stated that his 130-day term as a special government employee has come to an end. "By transitioning to co-chair of the President's Council of Advisors on Science and Technology, I can now not only offer advice on artificial intelligence, but also on a broader range of technology issues," he said. "Yes, that's how I'll be involved in the work going forward." Sachs will serve as co-chair alongside senior advisor Michael Kratsios. Members include entrepreneur Marc Andreessen, Coinbase co-founder Fred Ehrsam, Oracle CTO Larry Ellison, and Meta CEO Mark Zuckerberg.