Poland's Crypto Bill Veto Stands Amid Zondacrypto Scandal Widens

Poland's crypto bill veto remains in place after lawmakers failed to secure the necessary three-fifths majority to overturn President Karol Nawrocki's decision.

The Sejm, Poland's lower house of parliament, voted 241-198 in favor of overriding the veto with three abstentions, falling short of the 266 votes needed.

Nawrocki has vetoed crypto legislation three times, arguing that the proposed rules would overregulate the industry and impose excessive regulatory costs.

The regulatory dispute comes amid a deepening scandal involving defunct crypto exchange Zondacrypto, with its Estonian operator declared bankrupt and Prime Minister Donald Tusk citing an expanding criminal investigation to push for tighter crypto oversight.