U.S. Prosecutors Seek to Exclude Crypto Policy in MEV Bot Trial

The ongoing trial of Anton and James Peraire-Bueno, accused of exploiting Ethereum via MEV bots for a $25 million scam, faces a significant legal hurdle. The U.S. government has pushed for the exclusion of crypto policy arguments from the brothers’ defense, arguing that these concerns should be addressed by Congress rather than the courts. If convicted, they face up to 20 years in prison on charges of wire fraud, money laundering, and receiving stolen property. This case holds potential implications for how the law interacts with decentralized finance activity as it could set a precedent for blockchain law.