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. Paradigm pointed out that ESMA should avoid misapplying concepts from traditional financial markets to the underlying blockchain level when dealing with the maximum extractable value (MEV) to avoid inconsistencies and unexpected consequences.

Paradigm called on ESMA to gain a deeper understanding of MEV and support innovative tools to address potential risks of abuse. They said that there is currently 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 inherently subjective may lead to inconsistent application and unintended consequences.