Yes, U.S. dollars that you deposit and hold into your Gemini account are FDIC-insured up to $250,000 per beneficial owner. Non U.S. Citizens are also afforded FDIC protection.
No, at this time the U.S. government does not insure any Digital Assets (i.e., bitcoin, ether) deposits; however, we are heavily capitalized to protect you and the Digital Assets that you store with us. In addition, we are statutorily required to maintain insurance in the form of a fidelity bond. Our fidelity bond is issued by a top-tier insurance company, and coverage includes, among other things, insurance against employee theft, computer fraud, and funds transfer fraud; this coverage is subject to certain terms, conditions, and exclusions.