France has delayed its budget vote for the second time, leaving a proposed tax on cryptocurrency-to-stablecoin conversions unresolved. The draft legislation would impose capital gains tax on swaps between crypto assets and stablecoins even when users do not convert holdings into fiat currency. Lawmakers rejected a separate proposal for a crypto exit tax during the same session. The stablecoin swap tax remains in the draft budget as France navigates fiscal negotiations amid ongoing legislative delays.