David Sacks, poised to be the cryptocurrency and AI lead ("Crypto Czar") in a potential Trump administration, believes the Federal Reserve is actively "reversing Biden-era regulations" concerning cryptocurrency. This assessment follows the Fed's recent decision to withdraw guidelines regarding banks' involvement with cryptocurrency and dollar tokens. Sacks conveyed his perspective on X, emphasizing that these earlier regulations were, in his view, part of "Operation Choke Point 2.0," a strategy aimed at restricting the cryptocurrency industry's access to banking services. He argues that the Fed's shift towards greater openness regarding banks' engagement with cryptocurrency is a positive development. This openness, according to Sacks, has the potential to "help promote more mainstream adoption" of digital assets. The implications of this regulatory rollback remain to be seen, but its impact on the crypto landscape is likely to be significant. ```