Apertum Foundation Wins Major Legal Victory Over Texas State Securities Board, Unleashing Full Potential of DAO1 DeFi Platform and $APTM Token

Apertum Foundation and its advisor Josip Heit have defeated the Texas State Securities Board, confirming that neither the Apertum token nor the DAO1 DeFi platform constitute securities under applicable laws. This victory dismantles major regulatory barriers, unleashing the full potential of the Apertum ecosystem and its DAO1 platform. The $APTM token surged 140% in July, signaling a new chapter in digital asset innovation and adoption.

The Apertum Foundation, developer of the Apertum blockchain and its native cryptocurrency token, has emerged victorious in its legal battle against the Texas State Securities Board. The Securities Board has dismissed all claims against the Foundation and its senior advisor, Josip Heit, and has withdrawn its prior cease-and-desist order [1].

The Texas Securities Board had initially claimed that the Apertum token was an unregistered security. However, Quinn Emanuel Urquhart & Sullivan, LLP, representing the Apertum Foundation and Mr. Heit, challenged the order, arguing that the token does not constitute a security under U.S. federal law or the Texas Securities Act. The court agreed, dismissing all claims and confirming that neither the token itself nor the Apertum Foundation's DAO1 decentralized finance (DeFi) platform offers an investment contract within the meaning of the securities laws [1].

This dismissal marks a significant milestone for the digital asset industry, as it dismantles major regulatory barriers that could have hindered the growth and innovation of the Apertum ecosystem. The victory also signals a new chapter in digital asset adoption, with the $APTM token surging 140% in July, indicating strong investor confidence and market interest [1].

Josip Heit, senior advisor to the Foundation, expressed gratitude for the dismissal and emphasized the Foundation's commitment to offering compliant, safe, and cutting-edge technology. "From Day One, the Apertum Foundation has offered a compliant, safe platform and cutting-edge technology," he said. "We promised to defend ourselves aggressively against the Texas Securities Board's mistaken allegations, and we have now been vindicated. This dismissal confirms we did nothing wrong. We will continue to offer transformative technology to our users and to work with our lawyers to comply with all applicable laws in the jurisdictions where we operate. Thank you to our users for standing with us" [1].

Quinn Emanuel Urquhart & Sullivan, LLP, known for its expertise in business litigation and arbitration, played a pivotal role in achieving this victory. The firm's track record includes winning 86% of its cases, obtaining billions in judgments and settlements, and being named the "most feared" law firm in the world by various publications [1].

References:
[1] https://www.prnewswire.com/news-releases/apertum-foundation-and-josip-heit-win-major-securities-lawsuit-against-texas-regulator-302518936.html