ESMA Raises Concerns About Blockchain's Maximum Extractable Value (MEV) as Potential Market Abuse
The European Securities and markets Authority (ESMA) has expressed concerns about the potential for maximum extractable value (MEV) to be used as a form of market abuse in its latest regulatory proposals under MiCA. MEV involves blockchain operators rearranging user transactions to maximize their own profits, which can negatively affect end-user profits. While some argue that MEV has a positive impact on improving blockchain network efficiency, others are calling for regulatory clarity on what constitutes market abuse in relation to MEV. ESMA is seeking clarity on who is responsible for malicious MEV tactics that constitute market abuse in response to the European Commission's request for advice on whether and when MEV can lead to market abuse. The European Crypto Initiative (EUCI) is seeking more clarity from ESMA on this issue, and ESMA's consultation seeking public feedback is open for comments until June 25.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin, XRP and Vantard (VTARD) capture investors’ attention with price gains
The Daily: Dogecoin investors drop class-action lawsuit against Elon Musk, Michael Saylor plans $100K bitcoin party and more
Dogecoin investors have dropped their class-action lawsuit against Elon Musk, which accused him of manipulating the price of DOGE during its 2021 surge from less than $0.10 to around $0.70.JPMorgan analysts anticipate positive regulatory changes for crypto under President-elect Donald Trump, with clearer frameworks likely to benefit the industry.President-elect Donald Trump nominated bitcoin advocate Robert F. Kennedy Jr. for U.S. Secretary of Health and Human Services on Thursday.The following article is
Matrixport Included Developments That Will Affect Bitcoin in December in Its Weekly Report! Here Are the Details
Matrixport's latest weekly report highlights a number of positive factors that have underpinned Bitcoin's recent strong performance.
Trump's Inflow Wave Has Ended! Spot Bitcoin and Ethereum ETFs Experience First Outflows Since Election!
It ended a wave of inflows and outflows in spot Bitcoin and Ethereum ETFs that has been ongoing since Donald Trump was elected president on November 5.