French Committee Backs Stablecoin Swap Tax and Crypto Exit Tax, Then Rejects the Budget

Crypto Insight Summary: A National Assembly committee adopted amendments taxing stablecoin swaps and crypto exits by wealthy holders, then rejected the 2027 budget's revenue section. Crypto Insight Analysis: Direction: Bearish Stablecoins / Bearish Crypto Market Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Taxation on stablecoin swaps and crypto exits may deter investors, but rejection of the budget adds uncertainty.