The Daily: Fed chair hints at easing crypto rules for banks as Trump says Powell's termination 'cannot come fast enough' and more

U.S. Federal Reserve Chair Jerome Powell signaled at The Economic Club of Chicago on Wednesday that U.S. banking regulators may ease crypto-related restrictions.Coinbase-backed Ethereum Layer 2 blockchain project Base triggered a community backlash after publicly promoting a “Base is for everyone” token that briefly crashed 95% within hours of its launch before later recovering.