The French National Assembly rejected the revenue section of the 2027 state budget at first reading by 458–0, with two abstentions, according to the official voting record. The government will now send the Senate the original budget text without the three crypto-related amendments lawmakers had adopted: a tax on gains from crypto-to-stablecoin conversions, a disclosure requirement for self-custodied crypto holdings of at least 100,000 euros ($112,000), and higher penalties, from 10,000 euros to 50,000 euros, for crypto platforms that fail to provide information to tax authorities. The proposals could be reintroduced in the Senate, but they would still need to survive the rest of the budget process to become law.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/04/2026 | 80,504.01 |
| Change that session | +3.94% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 11/04/2026 | 2,424.61 |
| Change that session | +6.59% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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