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A US judge has denied Ripple’s request to reduce its $125 million civil penalty in the SEC lawsuit, despite the regulator’s new leadership supporting the move. The ruling underscores the legal complexities surrounding crypto regulations and judicial precedent.
- Judge Torres denied Ripple and the SEC's joint request to reduce the $125M penalty, citing insufficient justification.
- The SEC's stance shifted under new leadership, but the judge ruled court judgments serve public interest, not just parties.
- Ripple's institutional XRP sales were deemed securities violations, while open-market sales were cleared in 2023.
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