币界网报道：Ripple Labs has failed to persuade a U.S. judge to reduce its $125 million penalty in the ongoing SEC case over XRP sales. The SEC alleges Ripple conducted an unregistered securities offering by selling XRP to institutional investors, while Ripple maintains XRP is a currency, not a security. Despite Ripple's arguments that the fine should be lowered to $10 million, the court upheld the original penalty, citing the need to deter similar violations. The ruling comes as part of a prolonged legal battle that began in 2020, which has seen partial victories for Ripple, including a July 2023 decision that XRP sales on public exchanges did not violate securities laws. The case continues to be closely watched as it could set precedents for how cryptocurrencies are regulated in the U.S. Ripple's CEO Brad Garlinghouse has criticized the SEC's approach, calling it "regulation by enforcement." Meanwhile, XRP's price showed little immediate reaction to the news, trading around $0.50.