The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount.

Treasury Department, FDIC, FDIC insurance, U.S. banking crisis, Federal Reserve, Silvergate, Signature Bank, Silicon Valley BankRead More

You might also be interested in reading 70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says.