defi ·
France budget rejection sidelines stablecoin tax, wallet reporting amendments
The French Assembly voted 458–0 against the revenue section of the budget.
2 outlets · CoinTelegraph · thedefiant.io
As a result, three amendments were dropped, notably those concerning stablecoin taxation and requirements for self-custody reporting.
These specific crypto-related measures are not eliminated entirely; they retain the potential to be reintroduced through amendments during the Senate's review.
The Senate's budget debate is currently scheduled to commence in November 20....
This procedural setback in the Assembly means that the proposed regulatory framework for digital assets faces a potential legislative detour.
Market participants and institutions must monitor the Senate proceedings closely, as the reinstatement of these amendments could significantly alter the compliance landscape for DeFi operations and wallet custodians.
Why it matters
This setback in French legislation signals continued regulatory uncertainty for DeFi participants and stablecoin issuers. The potential reintroduction in the Senate means the debate over crypto taxation and reporting requirements is far from over.
