Polish President Karol Nawrocki vetoed the Crypto-Asset Market Act, citing threats to freedoms and state stability. Industry advocates, including Polish politician Tomasz Mentzen, had criticized the bill. Advocates welcomed the veto, but government officials condemned it, accusing the president of “choosing chaos.”

Nawrocki vetoed the bill due to provisions allowing authorities to block crypto market websites, calling them opaque and prone to abuse. The bill’s complexity and excessive supervisory fees were also cited as reasons for the veto, potentially harming innovation and startup activity in Poland.

Top Polish officials, including Finance Minister Andrzej Domański and Deputy Prime Minister Radosław Sikorski, criticized Nawrocki’s veto. Domański warned of abuses in the market leading to client losses, while Sikorski argued the bill was meant to regulate the market to protect investors from potential losses.

Crypto advocates, like economist Krzysztof Piech, defended the president, stating authorities should pursue scammers instead. They also mentioned the upcoming Markets in Crypto-Assets Regulation (MiCA) by the European Union, set to provide investor protections across all EU member states by July 1, 2026.

Read more at Cointelegraph: Poland’s President Vetoes ‘Destructive’ Crypto Bill