Ledger co-founder calls for civil resistance over France's crypto amendment
Ledger co-founder Éric Larchevêque sharply criticized French amendment 1649АС, which requires declaring the market value of crypto assets held independently even in the absence of taxable transactions. This raised concerns in the crypto community about increased control over private custody of cryptocurrencies.
Source Incrypted
As a protest, Larchevêque proposed civil disobedience by creating a protest token named 1649АС with no real value but formally representing a billion-worth valuation. Mass declarations of such assets, he believes, will render the regulation unenforceable.
The idea quickly resonated within the crypto community, becoming a symbol of resistance against tighter regulations on crypto self-custody.
