French lawmakers rejected an earlier crypto wallet disclosure proposal preceding Amendment I-CF821 in April 2026 that set a declaration threshold of €5,000

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Judge Alvin K. Hellerstein ruled under Federal Rule of Civil Procedure 60 that newly acquired knowledge of facts existing when the January 2025 consent order was entered does not constitute a significant change in factual circumstances

The CFTC filed a lawsuit in 2022 alleging Gemini Trust Company made false or misleading statements of material fact in 2017 regarding a Bitcoin futures contract relying on Gemini auction prices

France should tax cryptocurrency conversions into stablecoins

Individuals who fail to declare self-custodied crypto holdings under Amendment I-CF821 face fines of up to €10,000 ($11,000)

Sponsors of Amendment I-CF821 introduced the disclosure measure to combat tax evasion and address unrecorded cryptocurrency capital gains

On October 9, 2026, the French National Assembly's Finance Committee adopted Amendment I-CF821, requiring individuals to declare self-custodied crypto wallets valued at or above €100,000 ($112,000) annually as of December 31

Regulated crypto service providers in France already face tax reporting obligations, whereas self-custodied wallets previously remained unmonitored

The French Finance Committee voted to treat conversions from cryptocurrency into fiat-backed stablecoins as taxable sales beginning January 2027

Nym CEO Harry Halpin criticized the crypto wallet disclosure rule in Amendment I-CF821, citing a case where a French tax agent allegedly sold crypto holders' tax data to criminals

The French Finance Committee approved expanding France's exit tax to cryptocurrency holdings exceeding €800,000 when taxpayers move abroad

Amendment I-CF821 was sponsored by LIOT parliamentary group deputies Charles de Courson, Jean-Pierre Bataille, and Michel Castellani

To become law, the rejected crypto amendments, including Amendment I-CF821, must be re-submitted and approved during full National Assembly floor debate

French lawmakers set the higher €100,000 crypto disclosure threshold to address security concerns stemming from recent targeted attacks against cryptocurrency holders in France, including the kidnapping of Ledger co-founder David Balland

A French parliamentary inquiry found that crypto capital gains reached €3.5 billion in 2021, while only €400 million was declared to tax authorities

Binance.US CEO Stephen Gregory, who was appointed in March 2026, has been working to restore U.S. trading activity and expand product offerings following years of regulatory challenges tied to Binance's 2023 settlement with U.S. authorities

Binance.US is working to restore state money transmitter licenses across the United States to expand its customer reach

Binance subsidiary BTech Holdings issues bStocks under an Abu Dhabi Global Market approved prospectus, excluding U.S. persons, while legal disclaimers note they are not direct company shares

An internal CFTC review concluded the agency should not have filed the 2022 complaint against Gemini Trust Company over 2017 Bitcoin futures statements due to an uncredible whistleblower and a shift in enforcement priorities

Judge Alvin K. Hellerstein ruled that the CFTC's reassessment of its enforcement priorities does not require vacatur because court judgments belong to the judiciary rather than the agency

Judge Alvin K. Hellerstein rejected Gemini's claims of regulatory pressure, holding that litigating for three years before making a calculated decision to settle shortly before trial does not render Gemini's consent to settle involuntary