US District Judge Georgia Alexakis ruled against Jump Trading LLC, an early backer of failed crypto platform Terraform Labs, arguing the company cannot escape a lawsuit accusing it of propping up the company’s fraud by sending the case to arbitration. Judge Alexakis ruled against Jump Trading's efforts to send a proposed securities fraud class action to arbitration based on an agreement that users of the Terraform blockchain signed. Judge Alexakis ruled that Jump Trading was not a signatory to that agreement and thus could not enforce the arbitration clause.

US District Judge Laura Taylor Swain dismissed a suit from users of digital money platform Uphold HQ Inc., ruling the company did not mislead users about the safety of a now-defunct partner’s crypto interest product the platform once supported. Judge Swain found that statements Uphold made that the now-collapsed CredEarn product was safe and functioned like a traditional banking product do not amount to material misrepresentations under New York's General Business Law.

The issuers of President Trump’s meme coin announced that the top 220 holders will be invited to a dinner with President Trump in May, where he will talk about the future of crypto. The top 25 coin holders will also be invited to a reception with the president and will be given a tour of the White House. Invites will be determined by average balances from April 23 to May 12. Sen. Chris Murphy (D-CT) criticized the plan in a post on X, calling the coin “brazenly corrupt.”

President Trump’s media conglomerate, Trump Media, signed a binding agreement with Crypto.com to launch exchange-traded funds (ETFs) with a “Made in America focus.” In a release, Trump Media stated that, "Subject to regulatory approval, the funds are expected to launch later this year and be widely available internationally including in the US, Europe, and Asia, across existing platforms and brokerages."

Oregon Attorney General Dan Rayfield (D) sued Coinbase for allegedly violating the state’s securities laws and called on states to fill the “enforcement vacuum left by federal regulators” like the SEC. According to a press release, the lawsuit claims that Coinbase has both encouraged and helped the sale of unregistered securities to people in Oregon, reaping millions of dollars in fees as Oregonians have faced significant losses. The lawsuit comes just weeks after the SEC dropped its landmark case against Coinbase as part of a broader dismantling of its enforcement efforts against the crypto industry.

New York Attorney General Letitia James sent a letter to leaders of both chambers of Congress, urging them to ensure that any digital asset legislation includes strong guardrails to protect consumers, national security, and market stability. James warned in her letter that the lack of strong federal regulations increases the risk of fraud, criminal activity, and financial instability. She called for legislation "that would require cryptocurrency companies to make a series of commitments, including registering with a regulatory body and actively identifying and preventing fraud and scams."

US District Judge Brian Martinotti declined to review his ruling to keep a class action brought by investors against Coinbase alive, reasserting that Coinbase and its executives must face the suit accusing them of concealing certain regulatory and bankruptcy risks from investors. Jude Martinotti issued an order disagreeing with Coinbase's assertion that the court overlooked its argument that the plaintiffs failed to plead falsity.

US District Judge Andrew Carter Jr. denied a motion from Binance seeking to send a proposed class action filed by investors who purchased tokens between April 1, 2017, and February 20, 2019, to arbitration in Singapore. Binance rolled out its amended terms of use on February 20, 2019, adding language stating that any disputes would be arbitrated under the rules of the Singapore International Arbitration Centre.

US District Judge Paul Byron issued an order partially certifying a class of purchasers of the meme-inspired LGBCoin in a suit alleging the price of the tokens dropped after its plan to sponsor a NASCAR driver fell apart. Judge Byron certified a class of buyers solely related to their claims of the sale of unregistered securities but not of their claims of unjust enrichment, finding the plaintiffs failed to establish or provide a proper argument for predominance for the unjust enrichment claims.