๐ Global & Macro: France’s National Assembly Finance Committee approved amendments for a stablecoin conversion tax and crypto exit tax, but then voted 31-3 to reject the budget revenue section, leaving the tax measures’ fate uncertain.
๐ฆ RWA & Institutional: No major RWA or institutional developments in this hour.
โก Crypto & Markets: Cross-chain protocol Relay has discontinued its Vaults product, closing new deposits. Users must withdraw funds by December 31, 2026; Swap, payment services, and integrations continue normally.
๐ก Key Takeaway: Regulatory uncertainty in France and a major DeFi product shutdown signal ongoing volatility and compliance challenges in the crypto space.