Judge Analisa Torres denies Ripple's request to reduce the $125 million penalty, reinforcing the importance of adherence to securities laws amid ongoing litigation.
U.S. District Judge Analisa Torres has rejected a settlement motion from Ripple Labs and the SEC that aimed to lower the $125 million fine to $50 million. The judge stated that the parties did not demonstrate "special circumstances" to justify the request, emphasizing that the court's final judgment is binding and must be upheld.