Deputy Paul Midy has raised concerns about the insufficient resources and attention given to fighting cyberattacks, while also pointing out flaws in the legal and tax framework governing the cryptocurrency industry in France. Following Deputy Pierre Person, who was instrumental in shaping the Pacte law in 2019, Midy has now taken up the cause of supporting the crypto sector. In late July, the deputy from the Ensemble pour la République group submitted a bill aiming to modernize the legal and tax framework for crypto assets. His goal is to make France a leader in Europe in the field of cryptocurrency. "We were pioneers at the beginning, with a framework not to prevent but to provide visibility and clarity," Midy said in an interview with the media outlet Cryptoast. In his proposal, Midy highlights the challenges facing the French crypto industry, particularly the inconsistencies in the current legal framework. The European regulation known as Mica (for "Market in Crypto Assets") replaced the national PSAN regime at the end of December 2024. However, this new framework does not cover the taxation of digital assets, the protection of personal data for executives, or certain methods of financing used by companies, which remain under the jurisdiction of individual member states. Midy’s bill proposes changes to the tax framework, including the taxation of governance tokens at the time of sale, and the possibility of deferring losses over a ten-year period instead of annually. Another key issue Midy brings up is the rising number of cyberattacks targeting cryptocurrency holders in France, which has made the country the most affected in Europe. According to a study by Certik, France was the "main epicenter" of such attacks, with 33 out of 39 wrench attacks in Europe in 2026. A "wrench attack" refers to a physical assault where individuals use tools like wrenches, drills, or weapons to extract passwords or "private keys" from victims to access their cryptocurrencies. These attacks often target entrepreneurs, investors, or their relatives, relying on the exploitation of personal data to identify and locate victims. Midy argues that strengthening the protection of personal data for executives is a public security requirement. Midy laments that France is not allocating enough resources or attention to the fight against cyberattacks, both in government agencies and private companies. He believes that cybersecurity should be treated as a national defense issue, with at least a basic level of protection in place. "It should already be in place, and it is not everywhere," he stated. His proposal has now been sent to the finance committee of the National Assembly for further study.