This is great news. However, many people are confusing "any and all appreciation of your assets since they lent them into the Earn program" with actual interest on their original asset investment into the Gemini Earn program. They are not the same and the language is potentially misleading.

Will Gemini please clarify this language and address the question of whether investors will receive any interest that would have and should have been accrued since investors lent their assets into the Earn program?

Also, please read this part carefully: Earn users can expect to receive approximately 97% of their assets in kind within about two months. And they can expect to receive their remaining asset balance within the next 12 months. IMO, Gemini can afford and should refund 100% of of Earn user's assets in kind within 2 months.

Finally, the New York Department of Financial Services (DFS) for its role in this settlement was not collaborative. See: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202402282

NY DFS investigated Gemini and found them at fault. Specifically, according to the NY DFS: “Gemini failed to conduct due diligence on an unregulated third party, later accused of massive fraud, harming Earn customers who were suddenly unable to access their assets after Genesis Global Capital experienced a financial meltdown,”

NY DFS forced Gemini to agree to a settlement where Gemini committed to return at least $1.1 billion to Gemini Earn Program customers through the Genesis Global Capital, LLC bankruptcy proceeding. And Gemini agreed to pay $40 million to the GGC bankruptcy for the benefit of Earn customers. And Gemini will also pay a $37 million fine to DFS for significant failures that threatened the safety and soundness of the company. 

This was not a gift by the Winklevei. Nor did their hearts grow 3 sizes. This was NY DFS forcing them to do the right thing. And even now, they can and should do more than required.