Paradigm urges European regulators to make subtle changes to MEV

Odaily News According to BlockBeats, on June 28, Paradigm submitted opinions to the European Securities and Markets Authority (ESMA) on preventing abuse in the crypto asset market. It pointed out that ESMA should avoid misapplying concepts from traditional financial markets to the basic blockchain level when dealing with maximum extractable value (MEV) to avoid inconsistencies and unexpected consequences. Paradigm called on ESMA to have a deeper understanding of MEV and support innovative tools to address potential risks of abuse. Currently, there is no universally accepted method to identify which MEV-related activities are harmful or suspicious, so requiring the ecosystem to monitor and prevent certain behaviors that are subjective in nature will lead to inconsistent applications and unexpected consequences. (Cointelegraph)