The United States District Court for the District of Connecticut ruled to reinstate common law fraud claims under New York law against defendants including Barry Silbert and Digital Currency Group, while maintaining its prior ruling allowing 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 advancement of common law fraud claims. Meanwhile, consumer protection claims from California, Florida, and New York were stayed, while consumer protection claims from Illinois, Kansas, Nevada, and Texas were dismissed. (The Block)