Poland’s parliament has moved a step closer to adopting a new crypto regulatory framework after the lower house voted to override a presidential veto, reviving a bill aimed at aligning the country’s laws with European Union standards.
On Thursday, the Sejm passed the Crypto-Assets Market Act for a second time, with 241 lawmakers voting in favour and 183 against. The vote came after renewed debate but without any changes to the text that had previously been vetoed by President Karol Nawrocki.
According to one lawmaker, the decision to reapprove the bill unchanged effectively challenged the president’s earlier objections.
Parliamentary officials confirmed on Friday that the legislation has now been forwarded to the Senate of Poland for further consideration. If the Senate approves the bill, it will be sent back to President Nawrocki, who retains the option to exercise his veto again. As a result, the bill’s ultimate fate remains uncertain despite the Sejm’s latest vote.
The proposed law is designed to bring Poland’s domestic regulations into line with the EU’s Markets in Crypto-Assets framework, known as MiCA.
While MiCA has been applicable across the European Union since December 30, 2024, member states must still adopt national legislation to establish authorization procedures and supervisory structures. Poland is among the countries that have yet to finalize these domestic rules.
Supporters of the bill argue that the legislation would strengthen oversight of a rapidly expanding crypto market and close regulatory gaps. The government of Prime Minister Donald Tusk has framed the measure as a matter of national security, warning of risks linked to money laundering and the potential misuse of digital assets by hostile foreign actors.
Critics, however, have raised concerns about the scope of the rules and the speed with which they are being pushed through parliament. They argue that tighter controls could stifle innovation in Poland’s crypto sector if not carefully balanced.
As the Senate prepares to review the bill, policymakers and industry participants alike are watching closely. The outcome will determine whether Poland finally establishes a comprehensive regulatory framework for crypto assets or faces further delays amid political deadlock.