You have that privilege as an individual likely holding much less than $250,000 in cash at any time, but large institutions holding millions in cash don't, as the big customers of SVB almost found out before the Fed did their "surprise, we'll actually ensure 100% of everyone's money in this super special case, but just the one time ;)"

The solution should be fully insured up to any amount Fed bank accounts. Not more crypto nonsense that’ll blow up in a few years once the owners realize they could be making more easy money