The coalition agreement does not protect the one-year holding period for crypto assets. Since September 25, 2026 that is no longer a supposition but the statement of a Union member of parliament himself: replying to a citizen’s question on abgeordnetenwatch.de, CDU Bundestag member Lars Ehm wrote that the agreement contains “no concrete undertaking on the unchanged continuation of the one-year holding period for crypto assets”. He went on: a commitment to abolish it can “no more be derived from it than a binding promise of its unchanged continuation”. Anyone who has assumed until now that the coalition had written tax exemption after one year into stone was relying on something that was never there.

In the short term that…