Key Takeaways A French committee backed a proposal to tax crypto-to-stablecoin swaps, closing a tax deferral loophole. The amendment removes a crucial tax flexibility lever, preventing investors from parking untaxed crypto gains. The proposed rule faces a plenary vote on October 13, sparking strong backlash from local crypto leaders. Stablecoin Swap Tax Proposal Passed in France By French National Assembly Committee French lawmakers are taking a strong approach to recover what they believe are losses from using stablecoins, tokens pegged to the value of a fiat currency, as money. The French National Assembly Finance Committee recently backed and adopted Amendment …