Wu said that New York Attorney General Letitia James announced a $2 billion settlement with the bankrupt crypto lending institution Genesis. The settlement will set up a victim fund to help investors get compensation to the maximum extent, including 29,000 New York citizens who invested more than $1.1 billion through Gemini Earn. In addition, Genesis is prohibited from operating in New York, which is said to be the largest settlement against a cryptocurrency company in the history of New York State.