French lawmakers pass crypto-to-stablecoin tax amendment amid cost-of-living protests

French lawmakers voted to tax crypto investors converting profits into stablecoins, passing the amendment by 38 votes to 37 with 25 abstentions. The measure would make such conversions taxable from January 1, 2027, if the budget becomes law, ending the current deferral of crypto-to-crypto taxation. The move comes amid nationwide protests over living costs, where hundreds of thousands marched and some demonstrations turned violent. The government argues the tax targets tax fairness, while protesters have not specifically demanded the stablecoin tax. The proposal still requires further parliamentary scrutiny before becoming law.