EU follows US as it mulls MEV ban – Will Bitcoin miners be affected?

The European Securities and Markets Authority plans to restrict the MEV leveraged by miners and validators.the EU aimed to make MEV ‘illegal.’

The MEV restriction is part of ESMA’s implementation guidelines on various rules captured in MiCA .For the unfamiliar, MEV is a way miners and validators increase their earnings by re-ordering transactions to preferentially accommodate those that pay higher.“Secondly, ESMA notes that MiCA is clear when indicating that orders, transactions,market abuse, e.g., the well-known Maximum Extractable Value , whereby afront-run a specific transaction and therefore make a profit.

However, Hansen underscored the challenge of implementing the plan should it be adopted. He noted that the plan meant that each MEV instance must be reported. Additionally, MEV operators could face indictments and charges.EU’s move seems to have followed US steps. Recently, the US DoJand charged two brothers for $25 million exploitation using a sophisticated MEV technique on the Ethereum network.

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