Once again, Poland’s Parliament has failed to override the presidential veto of a controversial piece of cryptocurrency legislation, deepening tensions between the country’s legislative branch and its head of state.
Polish Lawmakers Face Consecutive Defeat Against Nawrocki Over Crypto Bill
According to a local media outlet, TVP World, members of the lower house of the Polish Parliament, i.e., Sejm, failed to reach the required third-fifth majority to overturn a second presidential veto of the Crypto Asset Market Act. President Karol Narcowski initially vetoed the cryptocurrency regulation bill in December 2025, citing overregulation, ambiguity, and an increased regulatory burden on small businesses.
The Polish lawmakers, led by Prime Minister Donald Tusk, failed to override this first veto, which would have aligned Poland’s digital asset regulations with the general European Union’s MICA regulations. In February, the same measure was passed again and vetoed by President Narcowski, citing the same reasons as before. In an attempt to bypass the President’s assent, the lawmakers held a vote on Friday, with 191 members of parliament voting in favor of the veto and 243 dissenting. Ultimately, this result fell short of the constitutionally required 263 votes to override the President’s veto in Poland. According to Narcowski in December, the proposed digital asset regulation “threatens the freedom of Poles, their property, and the stability of the state.”
Polish Ministers React To Foiled Override Attempt
Following Friday’s botched efforts to pass the Crypto Asset Market Act, several members of the Polish Parliament have responded in various ways. Finance Minister Andrzej Domański strongly criticized President Narcowski’s veto, stating that the absence of updated regulations compromised the integrity of the Polish digital asset market. Domanski described the present environment as an environment of fraudsters that threatens the protection of investors and entrepreneurs. Another interesting aspect of this regulation is Prime Minister Tusk’s recent allegations against Poland’s largest exchange, Zondacrypto, which has also lobbied against the Crypto Asset Market Act. Prime Minister Tusk claimed that Zondacrypto was established by Russia mafia, and resources linked to the Russian intelligence agencies.
Considering these funding sources, Tusk questions the exchange’s involvement in Polish politics, citing reports from security agencies that the company’s CEO, Przemysław Kral, has donated to opposition candidates. Interior Minister Marcin Kierwiński linked the push for the Crypto Asset Market Act to this government concern, stating:
The plan is to keep addressing this until we succeed, until the awareness of the threats and these strange interests connecting certain right-wing politicians with this [cryptocurrency] exchange finally reaches the president.
Featured image from Unsplash, chart from Tradingview
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