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Personally I went and opened a few accounts that pay interest right after BlockFi was fined. My approach is to diversify and get into a few more before they stop taking new deposits and I miss the opportunity.
Don’t invest anything more than you can afford to lose and diversify the companies you invest with and the coins you invest in.
Gemini seems to be the most regulation friendly exchange. They have a New York license which is notoriously difficult to get. Their business model is centered around compliance and security.
Go the DeFi route. Lower spreads, lower fees, better yields, you have possession of your keys, can use off-ramp of your choice so doesn’t matter what happens to Gemini.