French lawmakers have taken an important step toward taxing crypto holdings and other luxury assets considered "unproductive wealth."
An amendment passed by the National Assembly aims to close a loophole in the country's real estate wealth tax, which currently excludes assets such as gold, yachts, works of art, and digital assets.
The measure, proposed by centrist deputy Jean-Paul Matteï, argues that the current system is "economically inconsistent" and does not encourage investments that benefit the French economy.
Although it has been approved by the lower house, the amendment still needs to be approved by the Senate to become law as part of the 2026 budget.