The Federal Reserve has released a proposal to end the Choke Point initiative! This plan, originally led by the U.S. Department of Justice during the Obama era, required banks to cut off financial services to all high-risk but legal industries, primarily targeting the firearms industry at the time. However, during the Biden administration, the plan was expanded to include cryptocurrency, forcing banks to reject and terminate accounts, custody, payments, clearing, and other services. This caused many Crypto companies and individuals to be forced to close their bank accounts. The proposal is now in a 60-day public comment period, after which the rules will be officially revised and enacted into law!