币界网报道：A U.S. judge upheld the $125 million fine against Ripple Labs in a recent ruling, rejecting the company's appeal to reduce the penalty. The decision comes after Ripple argued that the fine was excessive given its cooperation with regulators and remedial actions taken. Judge Sarah York of the Southern District of New York stated that the penalty was appropriate considering the scale of Ripple's alleged violations involving unregistered XRP sales. The ruling marks another setback for Ripple in its ongoing legal battle with the SEC, which began in 2020 over claims that XRP constituted an unregistered security. Ripple maintains its position that XRP is a currency rather than a security and plans to appeal the latest decision. The case continues to draw attention as it may set precedents for how digital assets are regulated in the U.S.