New York judge denies request from SEC and Ripple to lift injunction

Judge Analisa Torres denied a joint request from the SEC and Ripple to dissolve a permanent injunction and significantly reduce Ripple's fine.

Torres criticized both parties for failing to justify the reversal, stating "none of this has changed" since her original ruling over a year ago.

The decision keeps Ripple on the hook for a $125 million penalty tied to past institutional XRP sales deemed securities under investment contract law.

Ripple Chief Legal Officer Stuart Alderoty said the company must now choose whether to dismiss its appeal or continue fighting the ruling in court