币界网报道：A New York judge has rejected a joint request from Ripple and the SEC to modify a permanent injunction and reduce fines in their long-running legal dispute. Judge Analisa Torres ruled that the parties failed to demonstrate exceptional circumstances justifying the proposed 60% penalty reduction from $75 million to $50 million, stating they "have not come close" to showing such changes outweigh public interest. The case stems from the SEC's 2020 allegation that Ripple's $1.3 billion XRP sales constituted unregistered securities offerings. While Judge Torres previously ruled some sales didn't violate securities laws, she maintained that institutional sales did, resulting in the $125 million penalty. The decision comes despite both parties citing recent SEC policy shifts under new leadership, including dropped crypto investigations and formation of a crypto task force. Judge Torres emphasized that enforcement policy changes don't invalidate court judgments, leaving the injunction and penalties intact unless appealed.