币界网报道：Ripple Labs has been ordered to pay a $125 million penalty after a U.S. judge denied the company's request to reduce its initial $250 million fine by 60%. The ruling comes as part of an ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), which alleges the company conducted an unregistered securities offering through its XRP token sales. While the court acknowledged Ripple's arguments about financial hardship, it found the proposed reduction excessive given the scale of the alleged violations. The decision maintains pressure on Ripple as it continues to contest the SEC's core claims about XRP's regulatory status. Legal experts note this interim ruling doesn't affect the broader case's outcome but signals the court's stance on penalty appropriateness. Ripple maintains its position that XRP isn't a security and plans to appeal unfavorable rulings. The case remains closely watched as it could set important precedents for cryptocurrency regulation.