Poland’s Sejm has failed to override the presidential veto of legislation regulating the crypto-assets market. The vote was preceded by Prime Minister Donald Tusk citing excerpts from testimony gathered in the Zondacrypto investigation, turning the regulatory dispute into a broader political and security confrontation.
MPs cast 241 votes in favour of passing the law again, 198 against and three abstained. Overriding the veto required 266 votes, leaving President Karol Nawrocki’s decision in force.
Tusk links crypto regulation to state security
Prime Minister Donald Tusk argued that the issue extends beyond investor protection. He said insufficient oversight of crypto-assets makes it harder for Polish security services to trace financial flows potentially connected with organised crime, money laundering and sabotage operations.
During the parliamentary debate, the prime minister read excerpts from testimony in the Zondacrypto investigation referring to alleged political contacts, financial transfers and expectations of political assistance. The statements are part of an ongoing investigation and do not constitute a court finding.
Opposition rejects the allegations
Opposition politicians accused the government of using investigative material for political purposes. Presidential chief of staff Zbigniew Bogucki called for broader information about earlier proceedings involving Zondacrypto, while Jarosław Kaczyński denied involvement in cryptocurrency-related matters.
The Presidential Chancellery maintains that President Nawrocki does not oppose regulation of the crypto market itself, but objects to the government’s version of the law. The president has submitted a separate legislative proposal.
The veto therefore remains in force, while the Zondacrypto investigation is increasingly intertwined with Poland’s political debate over the future supervision of the crypto-assets sector.
Source: Sejm of the Republic of Poland, statements by government and presidential officials, National Prosecutor’s Office.
