[thetinguy]

The federal government guarantees the banks. No one is guaranteeing Celsius.

[bottlepalm]

Fed gov doesn't guarantee your wallet if you lose it.

[vishnugupta]

Crypto in Wallet is equivalent to physical cash. If you lose it (cash or wallet) no one will guarantee anything.

However, you can deposit cash in FDIC insured bank accounts. Question is what's the equivalent of a bank deposit in the crypto world?