币界网报道：A U.S. judge has denied Ripple Labs' request to overturn a $125 million penalty imposed by the Securities and Exchange Commission (SEC) in its ongoing legal battle. The SEC had accused Ripple of conducting an unregistered securities offering through its XRP token sales. While Ripple argued that the penalty was excessive and unwarranted, the court upheld the fine, citing the need for regulatory compliance. The ruling marks another setback for Ripple, which has been embroiled in litigation with the SEC since 2020. Despite the decision, Ripple maintains that XRP is not a security and continues to challenge the SEC's classification. The case remains a closely watched precedent for cryptocurrency regulation in the U.S.