French Assembly Rejects Budget, Shelving Stablecoin Tax and Wallet Reporting

The unanimous rejection is less a verdict on crypto-specific policy than a casualty of a broader budget collapse, which matters because it leaves France's digital-asset tax treatment in limbo rather than settled in either direction. For issuers and self-custody users, the shelving removes an immediate compliance and reporting burden, but only provisionally. The Senate debate is the real test: whether these measures are reintroduced as amendments will show if the crypto provisions have genuine legislative backing or were simply swept up in a doomed revenue package.