If done wrong, this statements right.
We use styrofoam on the walls and then 2X2 metal studs in front that. let the track sit on top of a double layer of rolled pink foam insulation. No rust and termites and other vermin and mold dont like the metal studs either. Wood in basements is a no-no.
We also use green board for the bottom perimeter all around the regular white on top and ceilings
Not sure where you live but R20 for a basement is overkill IMO. 2" foam is good enough with R19 in the floor joist bays at least 2' into the room all around.