Crypto Class Actions on Pace to Nearly Double in 2025

Legal actions targeting cryptocurrency companies are surging in the United States, with investor-led class-action lawsuits already nearing the total number filed in all of 2024. According to a recent report from Cornerstone Research, six crypto-related lawsuits had been filed in the first half of 2025—just one short of the total for the entire previous year [1]. This sharp increase highlights a growing trend of investor frustration and a shift in litigation dynamics, particularly as traditional enforcement efforts from regulatory bodies like the SEC and the Department of Justice have slowed under the current administration [1].

Among the six cases filed so far this year, half targeted crypto issuers, one focused on a crypto miner, and two were directed at so-called “cryptocurrency-adjacent companies” such as firms selling mining hardware or forming partnerships with crypto firms. Notably, half of these filings were led by Burwick Law, a firm known for its aggressive stance on crypto-related civil suits [1]. Two high-profile cases from the firm include a lawsuit against the Pump.fun platform and another involving the controversial LIBRA memecoin [1].

The uptick in crypto-related class actions is occurring amid a broader surge in AI-related litigation. Cornerstone reported 12 AI-related lawsuits in the first half of 2025, bringing the total for the year close to the 15 filed in all of 2024 [1]. Stanford law professor and former SEC Commissioner Joseph Grundfest attributed much of this trend to “AI washing”—the practice where companies exaggerate or misrepresent the extent of their AI capabilities to attract investment [1]. This misrepresentation often leads to investor losses and, subsequently, legal action.

The legal community is paying closer attention to these trends. Max Burwick, founder of Burwick Law, emphasized that civil actions often serve as a “vital path to accountability” when regulatory mechanisms lag [1]. Meanwhile, other law firms, including Pomerantz LLP and Glancy Prongay & Murray, are also stepping into the crypto litigation space [1].

Though the overall number of securities class actions filed in the first half of 2025 remained flat compared to the second half of 2024—114 new lawsuits versus 115—this stability contrasts with the rapid rise in crypto and AI-related cases [1]. This suggests a narrowing focus of investor litigation toward sectors perceived to carry higher risk or misinformation.

Legal experts warn that as more institutional investors and public companies enter the crypto space—such as the 131,000 Bitcoin units purchased by public companies in Q2 2025—the potential for litigation will continue to grow [1]. These acquisitions have contributed to a more complex regulatory environment, increasing the likelihood of disputes over disclosures and compliance [1].

In summary, 2025 is shaping up to be a pivotal year for crypto litigation, with the number of investor-led class actions nearly doubling the pace of the previous year. As corporate activity in digital assets expands, so too does the expectation for transparency, and investors are increasingly turning to the courts to enforce accountability.

Source: [1] https://khabarpu.com/b.htm?u=Crypto-class-actions-on-pace-to-nearly-double-in-2025_Y29pbnRlbGVncmFwaC5jb20vbmV3cy9jcnlwdG8tY2xhc3MtYWN0aW9ucy1jbG9zZS1pbi1vbi0yMDI0LXRvdGFsLWluLWp1c3QtNi1tb250aHM