So, I'm really unsure how to have these sorts of discussions with crypto proponents. The US government's securities (UST), as well as the US capital markets, are some of the most trusted financial assets and mechanisms in the world. Treasuries, in particular, are considered one of the safest asset classes to hold. As a crypto proponent, you might not believe that, but collectively $22 trillion of capital (and those responsible for its management, sovereign and institutional alike) believes that's the case. If the US government fails, crypto is likely to be of lesser value than say, ammo, food, and fuel.

This is in stark contrast to offshore crypto operations who refuse transparent auditing of their reserves.

The FDIC's Deposit Insurance Fund has a balance of over $119 billion as of March 31. No need for money to be printed. https://www.fdic.gov/analysis/quarterly-banking-profile/stat...