Poland's third attempt to override the president's crypto law veto fell short, keeping the country as the EU's only gap in MiCA regulation.
Poland is the only European Union country lacking an operational domestic structure for MiCA, following another unsuccessful attempt by the Sejm to overturn President Karol Nawrocki's rejection of crypto legislation.
The vote held on Friday, the third effort of its kind, came up 25 votes short of the three-fifths supermajority needed to nullify the president's decision.
Out of 442 legislators in attendance, 241 voted to reject the veto, 198 voted against the motion, and three abstained, which was insufficient to reach the required 266. Nawrocki originally blocked the bill in December, followed by another rejection of an earlier version, and then a third denial on June 11.
During that rejection, Nawrocki contended that legislators had dealt with only one of the 16 modifications his administration suggested. "Bad law does not become good law simply because it passes a hundred times," he stated.
The proposed law would have appointed Poland's Financial Supervision Authority (KNF) as the nation's designated crypto overseer, harmonizing local regulations with the European Union's Markets in Crypto-Assets (MiCA) framework. Every EU member was obligated to adopt MiCA by July 2026, a timeline that Poland has completely failed to meet.
This regulatory impasse is unfolding amid an expanding criminal probe into Zondacrypto, the trading platform previously called BitBay.
Authorities have connected the investigation to the 2022 vanishing of BitBay's founder Sylwester Suszek and assess investor damages at a minimum of 350 million zlotys, approximately $95 million.
“First, PiS defended President Nawrocki’s successive vetoes that prevented the regulation of the crypto market. Then, for weeks, it hypocritically accused the state of failing to protect Poles.Today they once again had a choice: the safety of Poles or the shady interests of the crypto business.They chose. Crypto silver coins.To be continued. #KryptoAferaPiS,” Andrzej Domański, Minister of Finance and Economy of Poland, said on X.
Najpierw PiS bronił kolejnych wet Prezydenta Nawrockiego, uniemożliwiających uregulowanie rynku kryptowalut. Potem tygodniami obłudnie oskarżał państwo, że nie ochroniło Polaków.
— Andrzej Domański (@Domanski_Andrz) September 4, 2026
Dziś znów mieli wybór: bezpieczeństwo Polaków albo szemrane interesy kryptobiznesu.
Wybrali.…
The controversy has penetrated deeply into Poland's public sphere. Radosław Piesiewicz, head of the Olympic Committee, was allegedly arrested over suspected connections to Zondacrypto's founder Przemysław Kral.
BB Trade Estonia, the Estonian entity running Zondacrypto, was declared insolvent in August, and creditors are scheduled to convene on September 17.
Prime Minister Donald Tusk has frequently cited the investigation while urging legislators to approve the bill, asserting that enhanced supervision might have averted the alleged fraud. Nawrocki argues that extended authorities, such as the ability to block websites, would drive legitimate businesses out of the country instead of safeguarding consumers.
Because the override did not succeed, the veto stands as law. Polish cryptocurrency enterprises now confront ongoing ambiguity regarding licensing and regulatory actions. KNF has openly admitted that the nation still has no designated regulator for the industry. MiCA, in the meantime, is already in effect across the EU.
The key question is whether a modified bill can ultimately be enacted. That result hinges on resolving additional specific concerns raised by Nawrocki, which will influence Poland's crypto policy as autumn approaches.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Kalshi prematurely settled a Michigan vs. Western Michigan market, paying $18.6M to the wrong side before a last-second touchdown, then reversed the payouts.
The White House has screened candidates for all four vacant CFTC seats, but crypto's desired outcome is not guaranteed.
BitMEX founder Ben Delo has donated another £4 million to the UK's Reform Party, bringing his total to £8 million. The party also faces a scandal over illegal…
The National Sheriffs' Association has dropped its opposition to the Clarity Act, shifting to a neutral stance.