The U.S. District Court for the District of Connecticut ruled to reinstate New York common law fraud claims against defendants including Barry Silbert and Digital Currency Group, while upholding a prior ruling that allowed federal securities law claims to proceed. The court found that the plaintiffs' request to restore state law claims under the Class Action Fairness Act was valid, and that the allegations—that the defendants knowingly made misleading statements to investors regarding the financial condition and risk management of the Genesis Yield project—were sufficient to support the continuation of common law fraud claims. Meanwhile, consumer protection claims from California, Florida, and New York were stayed, while those from Illinois, Kansas, Nevada, and Texas were dismissed. (The Block)