U.S. Treasury Secretary John B. Taylor has outlined key priorities for the next Federal Reserve Chair, emphasizing a reduction in the central bank's role, staff cuts, and the termination of permanent quantitative easing (QE). Taylor criticized the Fed's current policies for exacerbating inequality and advocated for a renewed focus on price stability. These proposed changes could significantly impact liquidity and the cryptocurrency markets, as tighter monetary conditions may influence asset valuations. The administration's stance also aligns with broader objectives to counter financial overreach and combat the financing of terrorism.