Coin Center Challenges DOJ’s Ethereum MEV Theory in $25 Million Case

Crypto advocacy group Coin Center has taken a legal stand in the high-profile Ethereum maximal extractable value (MEV) case involving a $25 million exploit. The organization filed an amicus brief challenging the U.S. Department of Justice’s (DOJ) novel legal argument, which it claims could negatively impact blockchain technology. 💰 Coin Center asserts that the DOJ’s “honest validation” theory is mischaracterizing how blockchain works, and if upheld, it could criminalize typical blockchain behavior like transaction order manipulation, often influenced by incentives and strategies like MEV.