French National Assembly rejects budget revenue section, crypto tax amendment temporarily shelved

France’s National Assembly rejected the revenue section of the 2027 budget in a first reading by 458 votes to 0, with 2 abstentions, leaving previously approved crypto tax amendments out of the government’s original budget text sent to the Senate. The shelved proposals included taxing gains when crypto assets are converted into stablecoins and requiring taxpayers to declare self-custodied crypto assets worth at least €100,000 in aggregate. The vote matters because it delays two significant crypto tax measures in one of the EU’s largest markets. The amendments could still be reintroduced in the Senate and would need to pass subsequent legislative stages to become law.