The year 2025 has seen a significant increase in crypto-related lawsuits in the United States, with six cases filed in just the first half of the year. This surge in legal action is highlighted in a recent report from Cornerstone Research, which indicates that the number of lawsuits is quickly approaching the total of seven cases filed throughout the entirety of 2024.
According to the report, the six lawsuits filed in the first half of 2025 targeted a variety of industry participants. Three of the cases were directed at cryptocurrency issuers, while one focused on a digital asset mining operation. The remaining two lawsuits targeted “cryptocurrency-adjacent entities,” such as companies involved in manufacturing mining equipment or establishing partnerships with crypto firms.
One notable finding from the report is that the law firm Burwick Law initiated three of the six crypto-related complaints filed this year, representing half of all such cases. Among their high-profile actions were legal challenges against the meme coin platform Pump.fun and parties connected to the LIBRA memecoin project.
Despite reduced enforcement activity from federal agencies like the Department of Justice and the Securities and Exchange Commission, private investors continue to pursue civil remedies against cryptocurrency companies. This trend is part of a larger securities litigation surge, with a total of 114 securities class-action lawsuits filed in the first six months of 2025 across multiple sectors.
Recent high-profile crypto lawsuits include a shareholder class-action suit against Coinbase for alleged failure to disclose a data breach and regulatory compliance violation, as well as a lawsuit against MicroStrategy for misleading communications regarding its bitcoin investment approach. Several ongoing legal disputes involve Burwick Law, including challenges against Pump.fun and NFT infrastructure platform Metaplex.
Overall, the increase in crypto-related litigation in 2025 highlights the growing legal challenges facing the cryptocurrency industry. With significant quarterly variation in legal activity and a focus on investor advocacy, it is clear that legal scrutiny in the crypto space is on the rise.