US Judge Dismisses Libra Crypto Class Action Against Kelsier

Key Facts

1Judge Jennifer L. Rochon dismissed all charges against the defendants, including fraud and RICO Act violations.

2The court denied the plaintiffs' request to introduce an amended complaint regarding the Libra project.

Judge Jennifer L. Rochon dismissed all charges against Kelsier Ventures and other defendants associated with the Libra cryptocurrency project. Bitcoin.com reported that the ruling cleared the defendants of fraud and Racketeer Influenced and Corrupt Organizations (RICO) Act violations, while the court also denied a request by plaintiffs to file an amended complaint.

The court found the legal basis for claims of fraud and unjust enrichment to be insufficient, noting that plaintiffs failed to establish a valid pattern of racketeering activity. The ruling follows a period of significant volatility for the Libra token that affected an estimated 44,000 investors, though no current price levels were available for related instruments during the October 2, 2026, session.