According to Foresight News, the U.S. Securities and Exchange Commission (SEC) refused to reduce the fine for Ripple, saying in response to its request for a reduced fine that "Ripple will not agree to anything."
The U.S. SEC seeks a $102.6 million settlement with Ripple; Ripple's chief legal officer refutes the SEC's allegations, saying there are no victims in the case who need compensation; the U.S. SEC rejects Ripple's request to reduce the fine, saying that low civil penalties are not enough to resolve the problem.
