Important information on one of the two legal battles led by BULLBITCOIN.COM in its fight against DAC8 and the mass surveillance of cryptoasset users. You all know that BULLBITCOIN.COM initiated a legal challenge against the Council of State in February 2026 to contest the application of DAC8 in France. This announcement was made in June 2026 at the BTCPrague conference, and the details of the challenge are available on DAC8.COM What you didn't know is that we had also initiated a second challenge in August 2026. This challenge requested the immediate suspension of the decree implementing DAC8 in France. It is important to understand that this challenge, a summary suspension proceeding, is different from the first challenge contesting the very legality of the decree. It was about requesting the emergency suspension of the DAC8 decree in question pending a ruling on the merits, on the grounds that its application could cause irreparable harm. We clearly and unequivocally demonstrated that the implementation of DAC8 in France would pose a real and imminent danger to the security of crypto holders and their loved ones, and that there therefore exists a situation of urgency and serious harm justifying the immediate suspension of the decree. The concentration of data, including the physical addresses and the amount of crypto transaction data of users, in a database shared with all the tax authorities of the EU member states, represents a significant risk of leakage with disastrous consequences such as their exploitation by criminals to kidnap, mutilate, and extort holders or their loved ones. We regret to announce to you today that this summary suspension proceeding has been rejected by the Council of State. However, this refusal in no way means that the Council of State rejects our substantive arguments, and concerns only the grounds of urgency. Moreover, the absence of comment on the substantive arguments leads us to presume that the Council of State considers our approach to be well-founded. Our legal proceedings for the complete annulment of the DAC8 decree is still ongoing, and we are very confident of winning it. Nevertheless, we are dismayed by the Council of State's response, which can be summed up as follows: “The applicant companies [Bull Bitcoin and Paymium] also fail to establish how the storage of this data within a register centralizing all transaction data of all residents of EU member states would be likely to heighten the risk that it be compromised, especially since, in any event, the mere possibility of a risk, the probability of which is very low, cannot constitute a situation of urgency." Yet, the DGFIP (French tax authorities) itself declared, in February 2026, during parliamentary discussions on the creation of a crypto-asset portfolio declaration, that “a generalized declaration of these [crypto-asset] portfolios would lead to the centralization of highly sensitive data, such as the identity of holders and the value of their assets” and that “in a context of frequent cyberattacks against large databases, this information would become a prime target for hackers, with risks of fraud.” Our demonstration of urgency is supported by the facts, by French and international expertise, and by common sense. Violent crimes targeting crypto holders and their loved ones, as well as data leaks held by government institutions that make them possible in the first place, are becoming increasingly serious and frequent. You only need to read the news in France to reach the same conclusion. In the coming days, we will publish the details of our summary proceeding, including supporting documents and arguments, so that you can judge for yourself the merits and factual basis of our demonstration. We are waging this war against mass surveillance on multiple fronts and in multiple countries. We have won battles and suffered setbacks. This minor defeat only strengthens our determination.