Key highlights:
- Crypto class action lawsuits in the US hit six in H1 2025, nearly matching 2024’s total of seven, per Cornerstone Research.
- Cases target a range of firms: 3 sued crypto issuers, 1 targeted a miner, and 2 involved crypto-adjacent companies. Burwick Law filed half the suits.
- Despite relaxed federal crypto enforcement under Trump, investor-driven litigation remains strong, especially amid “AI washing” and tech sector scrutiny.
The number of cryptocurrency class action lawsuits in the US during the first half of 2025 is already close to the total for all of 2024, according to a new report from Cornerstone Research. Investors filed six crypto-related lawsuits in H1 2025, compared to seven during the entirety of last year.
Artificial Intelligence and cryptocurrencies lead the way in litigation
Cornerstone Research reported that artificial intelligence and cryptocurrency were the top litigation topics in the first half of 2025. Alongside six cryptocurrency lawsuits, 12 AI-related cases were filed, both numbers nearly matching the respective totals for all of 2024 (seven and 15, respectively).
This occurred while the total number of securities class action lawsuits remained stable, with 114 cases in H1 2025 and 115 in H2 2024.
Despite relaxed regulatory enforcement by U.S. agencies under President Trump, investors have continued to pursue civil lawsuits against crypto companies.
Structure of cryptocurrency lawsuits
Of the six lawsuits filed in 2025, three targeted cryptocurrency issuers, one targeted a crypto miner, and two involved companies described as “cryptocurrency-adjacent” by Cornerstone—such as those selling mining equipment, attempting to enter the sector, or partnering with crypto firms.
Burwick Law filed three of the six cryptocurrency lawsuits this year, notably including cases against Pump.fun and parties linked to the LIBRA memecoin. The other cases were brought by Pomerantz LLP (two) and Glancy Prongay & Murray (one).
AI washing as a driving force in litigation
There were 12 AI-related lawsuits filed in H1 2025, nearly matching the 15 filed in all of 2024. Stanford professor and former SEC commissioner Joseph Grundfest commented that this surge illustrates the main trends:
“ChatGPT explains the increase in AI-related securities litigation as ‘primarily driven by the phenomenon known as “AI washing”—where companies exaggerate, misrepresent, or falsify the extent or significance of their AI capabilities to investors and the public. This often results in legal claims when the truth is revealed and investors suffer losses.’ I have nothing else to add to this AI explanation of AI litigation.”
Continued Litigation Despite Regulatory Changes
Despite a softer approach from federal agencies (including the DOJ and SEC) toward crypto under Trump, private investor litigation remains robust, showing civil remedies for investors continue regardless of government policy changes.
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Source:: Crypto Lawsuits Nearly Break Records as AI-Related Actions Soar in 2025 US Courts