France’s National Assembly Finance Committee has backed a stablecoin swap tax, then rejected the budget’s revenue section.

The Finance Committee of France’s National Assembly has approved amendments that would tax crypto holders who swap into stablecoins and apply an exit tax to wealthy crypto holders who move abroad. However, the committee then rejected the budget’s entire revenue section by 31 votes to 3, meaning the full Assembly will work from the government’s original text, without the crypto amendments. Their backers would need to table them again for the floor debate, with a formal vote scheduled for 20 October 2026. Neither measure has become law, and both would still need to pass the remaining stages of the…