The U.S. Treasury chief is raising serious questions about the Federal Reserve's operational efficiency. With roughly $100 billion in annual losses and minimal oversight mechanisms in place, there's growing frustration over how central bank decisions impact broader financial markets—including the crypto space.

This criticism highlights a fundamental tension: while the Fed maintains considerable autonomy in monetary policy execution, the lack of robust accountability structures raises concerns about capital allocation and fiscal responsibility. For market participants, this debate matters because Fed policy directly influences liquidity conditions, interest rate trajectories, and ultimately asset valuations across multiple sectors.

The broader point? When traditional financial institutions face efficiency questions, it forces stakeholders to reconsider systemic dependencies and explore alternative frameworks for value transfer and economic coordination.