Poland's Crypto Regulation Stalls as Lawmakers Fall Short

Poland's lawmakers have once again fallen short of the required supermajority to overturn President Karol Nawrocki's veto on a bill aimed at tightening oversight of the country's crypto market.

The Sejm voted 241-198 in favor of overriding the veto, but this still left them 25 votes short of the 266 needed for passage. This is the fourth attempt by lawmakers to move the legislation forward after Nawrocki vetoed similar crypto rules three times previously.

Nawrocki has repeatedly argued that the draft goes too far and imposes excessive constraints on the industry, citing concerns about regulatory costs and enforcement powers that could be used to block websites.

Meanwhile, Prime Minister Donald Tusk has highlighted an expanding criminal investigation tied to the defunct exchange Zondacrypto, which has added urgency for regulators and lawmakers to formalize a clearer supervisory framework.