Marina Markezic, co-founder of the European Crypto Initiative, said that increased regulatory attention on Maximal Extractable Value (MEV) necessitates counter-measures to protect users and maintain market integrity while ensuring blockchain efficiency. The statement was made on X.
"Why is monitoring and advocacy important," said Markezic. "Because the regulators are not sleeping, even if MICA is already finalised and applicable. Neither should we! Get informed! Effective MEV counter-measures should consider as the priority the protection of DeFi users and crypto-assets market integrity, while providing the right incentives to maintain the efficiency of blockchains."
The European Union has intensified its regulatory approach to decentralized finance (DeFi) and MEV. According to CryptoSlate's summary of the draft, the European Securities and Markets Authority (ESMA) released technical standards under the Markets in Crypto-Assets Regulation (MiCA) in May 2024. These standards explicitly classify MEV practices such as front-running and transaction reordering as market abuse. This aligns with MiCA’s goal, launched in 2023, to unify crypto regulation and strengthen market integrity within the EU.