The US Securities and Exchange Commission (SEC) is criticizing Ripple Labs' latest argument to reduce the fine, saying it is not enough. Last week, Ripple asked New York District Court Judge Analisa Torres for a fine of "no more than $10 million," which is significantly less than the regulator's proposed civil penalty of $876.3 million. The SEC noted that Ripple's agreement to such relief was inconsistent with the purposes of the civil penalty. legislation. 😕