Latest news with #AnalisaTorres
Yahoo
9 hours ago
- Politics
- Yahoo
Judge orders immediate release of gay Jamaican asylum seeker detained by ICE
A federal judge in Manhattan has ordered the immediate release of a gay asylum seeker from Jamaica, finding that ICE violated his right to due process. U.S. District Judge Analisa Torres ordered the agency to release Rickardo Anthony Kelly, 40, more than two weeks after he was detained while waiting for his asylum hearing at a courthouse accompanied by his attorney. Agents reportedly offered him $1,000 to self-deport, and apprehended him when he refused. "In light of the undisputed facts, there is no doubt that [ICE's] ongoing detention of [Kelly] with no process at all, much less prior notice, no showing of changed circumstances, or an opportunity to respond, violates his due process rights," Torres wrote in her ruling, issued Friday. Kelly said in his initial writ of habeas corpus petition that he came to the U.S. on a tourist visa in 2021 shortly after he was the victim of a violent attack motivated by his sexual orientation, during which he was shot ten times. He warned that deporting him to Jamaica would put him at risk, and that keeping him in custody could cause him to experience 'severe and quite possibly fatal' medical complications as a diabetic. Kelly described the conditions of the ICE facility he was detained at as 'unconscionable,' 'inhumane,' and 'horrific.' He claimed he was kept in a room with nearly 100 other detainees that had only three toilets, no doors, and no showers, and that he was not provided with 'clean clothes, toiletries, or any other way to maintain basic hygiene.' Kelly said he was forced to sleep on the floor without a blanket, and was only provided with food twice per day — 'freeze-dried rice and beans, often cold.' He also claimed that he was denied access to his diabetes medication, and instead given a substitute that had previously caused him adverse effects. Kelly currently works as a security guard in New York City. He was arrested under the Laken Riley Act, which mandates detention without bond for non-citizens charged with or convicted of theft, assault, or other violent crimes. Kelly has a pending third-degree assault charge that he said stems from a domestic dispute which prosecutors have not moved forward with. The case is expected to expire this month under the Speedy Trial Act. 'The suggestion that government agents may sweep up any person they wish and hold that person in the conditions in which Kelly was held without consideration of dangerousness or flight risk so long as the person will, at some unknown point in time, be allowed to ask some other official for his or her release offends the ordered system of liberty that is the pillar of the Fifth Amendment,' Torres concluded. This article originally appeared on Advocate: Judge orders immediate release of gay Jamaican asylum seeker detained by ICE RELATED German officials alarmed over U.S. immigration confusion as green card holder remains trapped in ICE custody LGBTQ+ immigrants face 'most immediate risk' of ICE raids in Los Angeles Trump administration stops abuse protection for transgender detainees in ICE custody Solve the daily Crossword
Yahoo
4 days ago
- Business
- Yahoo
Crypto analyst predicts 'fireworks' for XRP once key hurdle is cleared
Crypto analyst predicts 'fireworks' for XRP once key hurdle is cleared originally appeared on TheStreet. XRP's volatile week took another twist after a sharp intraday selloff wiped 7% off its price in just 15 minutes — before bouncing back above key support levels. The token is now trading at $3.06, down 1.8% in the past 24 hours, with a market cap of $181.6 billion. According to Coinglass data, more than $389 million in leveraged positions were liquidated across the crypto market during the sudden drop, which traders are calling a liquidity sweep rather than a fundamental a post seen by The Street Roundtable, a pseudonymous analyst known as 'ChartRider' told members in a Discord chat the price action was 'short-term pain setting up for long-term fireworks.' He warned that XRP could still retest the $2.96 to $2.91 zone before launching higher. 'If we flush into that range and reverse, it's game on — that's where the real breakout fuel comes from,' he said. Ripple and SEC case finally comes to an end The high-profile case, first filed in December 2020, saw the SEC accuse Ripple Labs of raising $1.3 billion through unregistered securities sales of XRP. In July 2023, Judge Analisa Torres ruled that while institutional XRP sales did count as securities transactions, public exchange sales did not — imposing a $125 million penalty on Ripple. Both sides appealed, keeping the case alive for nearly two more years. That changed in mid-2025, when Ripple withdrew its cross-appeal. Just weeks later, on August 7, 2025, Ripple and the SEC jointly filed to dismiss both appeals. For ChartRider, the closure removes a 'macro overhang' on price — and sets the stage for what he calls 'one of the cleanest setups in years.' In his view, the next move above $3.21 could trap short sellers and spark a surge toward the $4.70 target zone. 'We're talking weeks, not months, if this plays out,' he said. XRP's chart shows the $3.00 macro .382 Fibonacci retracement level is acting as strong support, while $3.11 remains the critical 'golden retrace' zone to hold. 'If $3.11 gives way, don't panic — that's just the spring before the coil,' ChartRider added. 'The deeper the dip, the bigger the rip.' Crypto analyst predicts 'fireworks' for XRP once key hurdle is cleared first appeared on TheStreet on Aug 15, 2025 This story was originally reported by TheStreet on Aug 15, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-08-2025
- Business
- Yahoo
Ripple can now raise funds via institutions
Ripple can now raise funds via institutions originally appeared on TheStreet. A day after the SEC vs. Ripple case came to an end, the securities regulator took another dramatic decision on Aug. 8 and waived the disqualification for the crypto firm it had gained following the injunction against it. To put it simply, Ripple can now raise funds via institutions, something the court's final judgment in August 2024 warned against. Let's understand the matter in detail. In December 2020, the SEC sued Ripple for raising over $1.3 billion via the sale of allegedly unregistered XRP securities. Ripple argued that XRP is not a security; instead, it's a digital currency. In July 2023, Judge Analisa Torres ruled that Ripple's programmatic sale of XRP to retail traders didn't constitute securities law violations, but its sale of XRP to institutional clients violated securities laws. In a final judgment passed in August 2024, Judge Torres slapped Ripple with a penalty of more than $125 million and directed it to desist from further violations of securities laws. . As both parties dropped their appeals and the case came to an end on Aug. 7, the injunction still remained, prohibiting Ripple from raising funds via institutional sale of XRP. Following the injunction, Ripple received a disqualification under Rule 506(d) of the Securities Act, which automatically prohibits companies from availing certain exemptions to raise capital without registering with the SEC. Now, the SEC has granted the crypto firm a waiver from the disqualification under Rule 506(d). This means the agency is allowed to raise capital from accredited investors without SEC registration, using the Regulation D exemption. XRP was trading at $3.31 at the time of writing, up 6.5% a day. Ripple can now raise funds via institutions first appeared on TheStreet on Aug 8, 2025 This story was originally reported by TheStreet on Aug 8, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CNA
08-08-2025
- Business
- CNA
SEC ends lawsuit against Ripple, company to pay $125 million fine
NEW YORK :The U.S. Securities and Exchange Commission said it ended its case accusing Ripple Labs of selling unregistered securities, leaving a $125 million fine intact and ending one of the cryptocurrency industry's highest-profile lawsuits. Ripple and the SEC agreed on Thursday to dismiss their appeals of the fine imposed by U.S. District Judge Analisa Torres in Manhattan and her injunction against the sale of Ripple's XRP token to institutional investors. XRP is the third-largest cryptocurrency by market value, trailing bitcoin and Ethereum, according to the market service CoinMarketCap. The SEC sued Ripple in December 2020, near the end of U.S. President Donald Trump's first White House term, accusing it of selling XRP tokens without registering them as securities. In a mixed ruling in July 2023, Torres said XRP was covered by securities laws when sold to institutional investors, while XRP that Ripple sold on public exchanges was not. She imposed the fine in August 2024. Following Trump's reelection, a more crypto-friendly SEC began retreating from some enforcement cases, and together with Ripple asked Torres to lift the injunction and reduce the fine to $50 million. She refused, saying neither side came close to showing "exceptional circumstances" that outweighed the public interest in enforcing the injunction and $125 million fine. The SEC said the dismissal of the appeals means the injunction and fine remain in effect. Stuart Alderoty, Ripple's chief legal officer, in a post on X referred to the SEC's actions and said the dismissals mark "the end" of the case. Since Trump reentered the White House, the SEC has also ended civil lawsuits against crypto exchanges Binance, Coinbase and Kraken.
Reuters
08-08-2025
- Business
- Reuters
SEC ends lawsuit against Ripple, company to pay $125 million fine
NEW YORK, Aug 8 (Reuters) - The U.S. Securities and Exchange Commission said it ended its case accusing Ripple Labs of selling unregistered securities, leaving a $125 million fine intact and ending one of the cryptocurrency industry's highest-profile lawsuits. Ripple and the SEC agreed on Thursday to dismiss their appeals of the fine imposed by U.S. District Judge Analisa Torres in Manhattan and her injunction against the sale of Ripple's XRP token to institutional investors. XRP is the third-largest cryptocurrency by market value, trailing bitcoin and Ethereum, according to the market service CoinMarketCap. The SEC sued Ripple in December 2020, near the end of U.S. President Donald Trump's first White House term, accusing it of selling XRP tokens without registering them as securities. In a mixed ruling in July 2023, Torres said XRP was covered by securities laws when sold to institutional investors, while XRP that Ripple sold on public exchanges was not. She imposed the fine in August 2024. Following Trump's reelection, a more crypto-friendly SEC began retreating from some enforcement cases, and together with Ripple asked Torres to lift the injunction and reduce the fine to $50 million. She refused, saying neither side came close to showing "exceptional circumstances" that outweighed the public interest in enforcing the injunction and $125 million fine. The SEC said the dismissal of the appeals means the injunction and fine remain in effect. Stuart Alderoty, Ripple's chief legal officer, in a post on X referred to the SEC's actions and said the dismissals mark "the end" of the case. Since Trump reentered the White House, the SEC has also ended civil lawsuits against crypto exchanges Binance, Coinbase (COIN.O), opens new tab and Kraken. The case is SEC v Ripple Labs Inc, U.S. District Court, Southern District of New York, No. 20-10832.
