LUKS encrypted system fails to boot after enabling fips

Issue

• Enabling fips on a LUKS encrypted system causes the system to be unable to boot. We see the following errors when booting the system:

[FAILED] Failed to start Cryptography Setup for luks-xxxxxxxx-xxxx-xxxx-xxxx-xxxxxxxxxxxx. 
See 'systemctl status "systemd-cryptsetup@luks\\xxxxxxxxxx\\xxxxxxx\\xxxxxxxx\\xxxxxxx\\xxxxxxxxxxxxxxxx.service"' for details.
[DEPEND] Dependency failed for Local Encrypted Volumes.

• After pausing on the above error for a short period of time we eventually see the following and end up in rescue mode

dracut-initqueue[272]: Warning: dracut-initqueue timeout - starting timeout scripts
Warning: /dev/mapper/rhel-root does not exist
Warning:/dev/rhel/root does not exist
Warning:/dev/rhel/swap does not exist