It (FDIC) coverage amount needs to be raised anyway. For hard working savers, 250k for a lifetime of working in not enough. How much US taxpayer money did we give to Ukraine and we can’t insure taxpayer deposits for more than 250k?
If I had over 250k, the excess would normally be in the stock market.
There is a need for house transaction and payroll fund protection. Perhaps special banks offering special private coverage.