The U.S. District Court for the District of Connecticut has ruled to reinstate New York common law fraud claims against Barry Silbert, Digital Currency Group, and other defendants, while upholding its previous decision allowing federal securities law claims to proceed. The court found that the plaintiffs' request to reinstate state law claims under the Class Action Fairness Act was valid. Additionally, allegations that the defendants knowingly made misleading statements to investors about the financial condition and risk management of the Genesis Yield program were deemed sufficient to support the continuation of the common law fraud claims. Meanwhile, consumer protection claims from California, Florida, and New York have been stayed, while those from Illinois, Kansas, Nevada, and Texas have been dismissed. (The Block) https://www.(wublock123.com)/news/us-court-reinstates-new-york-common-law-fraud-claims-against-barry-silbert-dcg-64099