币界网报道：A New York judge has denied a joint SEC-Ripple proposal to settle their long-running legal dispute by reducing Ripple's penalty to $50 million and removing a permanent injunction. Judge Analisa Torres ruled that maintaining the injunction is necessary given Ripple's past violations and ongoing incentives to break securities laws. The rejection marks the second failed attempt by both parties to modify the court's original judgment, with Torres emphasizing that no "exceptional circumstances" justify overriding public interest. The decision comes amid broader SEC policy shifts under new leadership, though Torres noted regulatory posture changes don't negate established violations. Ripple and the SEC must now either withdraw appeals or proceed with litigation under the existing judgment framework.