Overview
- Poland’s Sejm failed to reach the three-fifths threshold to overturn President Karol Nawrocki’s veto, missing the mark by 18 votes.
- Prime Minister Donald Tusk cast the bill as a national security tool, citing alleged Russian exploitation of digital assets and briefing lawmakers in a closed session.
- The rejected measure would have implemented the EU’s MiCA framework, granting the financial regulator supervisory powers and introducing criminal liability for certain crypto offences.
- The presidency argued the draft overreached with domain-blocking powers and high fees that could hurt small firms, and it called for a jointly crafted replacement.
- Poland now sits out of step with other EU states moving ahead on MiCA, creating regulatory uncertainty that may send firms to seek licensing elsewhere even as domestic crypto use surges.