Polish lawmakers insist on pushing the crypto bill vetoed by the president, as tensions rise between the prime minister and the president

Members of the ruling coalition in Poland, Polska2050, have resubmitted the crypto bill that was previously vetoed by President Karol Nawrocki in the lower house, just days after reintroducing the same version.

Supporters of the bill, including Polska2050 member Adam Gomoła, refer to this bill (Bill 2050) as an "improved version" of the vetoed Bill 1424, but government spokesperson Adam Szłapka stated, "Not even a comma has been changed."

This disagreement comes at a time when the EU's Markets in Crypto-Assets Regulation (MiCA) is being advanced among member states, with EU crypto companies required to comply by July 2026.

The new version of the bill remains 84 pages long, almost entirely replicating the original Bill 1424, and aims to designate the Polish Financial Supervision Authority as the main regulatory body for the domestic crypto asset market.

Crypto supporter and Polish politician Tomasz Mentzen previously criticized Bill 1424 as "118 pages of excessive regulation," especially in comparison to simplified versions in EU countries like Hungary and Romania.

Tomasz Mentzen stated on social media platform X, "The government has once again adopted the exact same crypto asset bill."

He also mocked Tusk's earlier comments regarding the president's veto being related to the so-called "Russian mafia," saying, "The bill is flawless, and anyone who disagrees is funded by Putin."

Government spokesperson Szłapka reportedly indicated that after a confidential security briefing in parliament last week, Nawrocki is unlikely to veto the proposed bill this time, as "he is now fully aware of its implications for national security."

The debate surrounding the crypto bill in Poland sets an important precedent for the implementation of the MiCA regulation across the EU, as the proposed bill assigns market regulatory responsibilities to local financial regulatory bodies.

This issue is particularly critical, as some member states are calling for a more centralized MiCA regulation under the European Securities and Markets Authority (ESMA) in Paris.

Last October, the French central bank urged the EU to grant ESMA direct regulatory authority, warning that decentralized regulation could undermine the EU's financial sovereignty.

Some EU member states have opposed centralized regulation under MiCA, with Malta's regulatory authority arguing that it could increase regulatory layers and stifle market innovation.

Notably, Polish economist Krzysztof Piech—a prominent critic of the proposed crypto bill—questioned the necessity of local legislation, pointing out that MiCA's protective measures will come into effect in 2026.

Although local reports suggest that Nawrocki may not veto the bill this time, there are also speculations that his office has received an "alternative" draft aimed at creating a more favorable market environment. This alternative proposal is reportedly designed to align with the EU-wide MiCA framework and eliminate the direct regulatory authority of local regulatory bodies.

Related: Norwegian central bank states CBDC "is not necessary," emphasizes soundness of existing payment systems

Original article: “Poland Resubmits Vetoed Crypto Bill, Content Almost Unchanged”

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