Poland Reintroduces Crypto Bill Despite President’s Veto, Sparking Political Clash

Why Did Parliament Bring Back a Bill the President Already Rejected?

Polish lawmakers have reignited a political standoff by reintroducing a crypto regulation bill that President Karol Nawrocki vetoed only days earlier. Polska2050 — part of the ruling coalition in the Sejm — pushed Bill 2050 back onto the agenda this week, presenting it as an “improved” successor to Bill 1424 despite senior officials acknowledging that the text is unchanged.

Government spokesman Adam Szłapka reportedly told local media that “not even a comma” had been altered, confirming what critics have been saying. The move deepens tensions between the government led by Prime Minister Donald Tusk and the president, who blocked the earlier version later than citing security concerns.

The renewed push arrives as the European Union continues rolling out the Regulation (MiCA), with member states expected to reach full compliance by July 2026. Polish officials argue that the legislation is needed now to bring domestic rules in line with MiCA, while critics accuse the government of rushing through an unnecessary and heavy-handed framework.

Investor Takeaway

What’s Actually in the Reintroduced Bill?

Bill 2050 spans 84 pages and mirrors the earlier Bill 1424. Its central feature is the designation of the as the country’s main crypto market regulator. Supporters say this aligns Poland with MiCA’s objectives. Critics counter that the bill goes far beyond what MiCA requires and would burden the sector with rules that differ from other EU markets.

Polish lawmaker Tomasz Mentzen, a long-standing critic of the earlier proposal, said the bill remains “118 pages of overregulation,” comparing it with much shorter versions adopted in Hungary and Romania. “The government has once again adopted exactly the identical bill on cryptoassets,” he wrote in an X post.

Mentzen also mocked Prime Minister Tusk’s earlier suggestion that Nawrocki’s veto was linked to alleged interference by the “Russian mafia,” writing: “The bill is perfect, and anyone who thinks otherwise is funded by Putin.”

Despite the earlier veto, Szłapka has suggested that the president is less likely to block the bill this time. He said Nawrocki received a classified security briefing last week and “now has full knowledge” of its implications for national security.

How Does This Tie Into the Wider EU Disagreement Over MiCA Oversight?

Poland’s internal dispute feeds into a broader EU debate about whether MiCA should be overviewn locally or through a single authority. The Polish bill favors local supervision, giving the national regulator direct control over licensing, monitoring, and enforcement.

Some member states want a diverse model. The Bank of France urged the EU in October to hand supervisory powers to the (ESMA), warning that fragmented enforcement could fragileen the bloc’s financial stability. Others disagree. Regulators in Malta have warned that stronger ESMA oversight risks adding extra layers of approval that could sluggish market development.

For Poland, the issue is not only regulatory but political. If Warsaw grants sweeping authority to its local regulator, it signals confidence in national oversight at a time when the EU is debating whether to centralize or distribute MiCA enforcement.

Investor Takeaway

Will the President Sign the Bill — or Push for an Alternative?

Although officials say Nawrocki is now less resistant, local reports suggest the presidential office is reviewing an alternative draft. That version reportedly aligns more closely with MiCA’s EU-wide framework and may remove direct oversight from the Polish regulator, easing concerns about regulatory overreach.

Polish economist Krzysztof Piech has questioned the need for the bill altogether, pointing out that MiCA rules — including consumer protections — come into force in 2026. Piech argues that Poland risks duplicating EU legislation and creating inconsistencies with the wider regulatory environment.

If Nawrocki approves the current bill, Poland could become one of the first EU states to implement a detailed domestic framework ahead of MiCA’s formal deadlines. If he opts for the alternative draft, the government may be forced into further negotiations, extending the political dispute.