Weekly Crypto Updates: Pump Fun Securities Claims Dismissed, Kalshi Bans George Santos, Robinhood Chain Revenue Surges

The U.S. District Court for the Southern District of New York dismissed securities-related claims against Pump Fun, Solana Labs, and the Solana Foundation, ruling the tokens failed the Howey Test's common enterprise requirement; however, RICO and unlicensed money-transmission allegations against Pump Fun remain. Meanwhile, Kalshi issued its first lifetime trading ban against former U.S. Representative George Santos for contract manipulation and failure to cooperate with investigations, imposing over $70,000 in fines. Additionally, Robinhood Chain led all bl