EU leaders clash over bloc's next 7-year budget, seek new revenue from crypto and carbon taxes

EU leaders clash over bloc's next 7-year budget, seek new revenue from crypto and carbon taxes

EU proposes €2T budget with crypto levies (0.1% transaction: €3-4B/year, capital gains: €1-2.4B/year) to avoid raising member contributions (2028-2034). Uniform taxation eliminates favorable regimes and compounds MiCA costs; October negotiations will signal if crypto businesses shift outside EU.