Judge Analisa Torres of the U.S. District Court for the Southern District of New York has rejected a joint motion by the U.S. Securities and Exchange Commission (SEC) and ߷Ripple Labs in the case over XRP. In a May 15 decision, she denied the request to lift an injunction and reduce a $125 million civil penalty, ruling that the proposed agreement did not meet the legal standards for modifying a final judgment.
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