The first half of 2025 has seen U.S. crypto-related securities class-action lawsuits approach 2024’s total filings, with allegations ranging from investor misrepresentations to artificial intelligence hype inflation.
Six securities class-action cases targeting cryptocurrency enterprises were filed in federal courts during this period. Half of these lawsuits specifically named crypto issuers and ventures as defendants, reflecting heightened regulatory scrutiny of the sector.
Law firm Burwick Law emerged as the most active filer, accounting for three of the six crypto-related cases. High-profile litigation targets included the Pump.fun token launch platform and creators of the LIBRA memecoin in suits alleging federal securities law violations.
Parallel trends show increasing complaints involving Special Purpose Acquisition Companies with crypto affiliations. Simultaneously, AI-related securities lawsuits are spiking due to ‘AI washing’—claims that businesses have exaggerated their artificial intelligence capabilities to investors.
The 12 AI-focused securities filings in 2025’s initial six months nearly match the 15 total cases recorded throughout all of last year, indicating accelerated litigation around technology misrepresentation claims across financial markets.