Poland 2050 sends compromise crypto bill to president after veto, awaits response

The veto and the second attempt

Poland 2050 resubmitted its so-called rescue bill for the cryptoasset market to the Sejm in June, after President Karol Nawrocki vetoed the government's regulation. The new proposal already contained three changes the president had requested during earlier parliamentary work: lower maximum fees for token issuance, the removal of some over-regulatory clauses, and a less restrictive market impact.

Behind-the-scenes dealmaking

Negotiations between the party and the Presidential Palace began in earnest when, on Friday 19 June, Poland 2050's leadership met with the head of the President's Chancellery, Zbigniew Bogucki. The meeting took place at the Ministry of Funds and Regional Policy, with minister and party leader Katarzyna Pełczyńska-Nałęcz, parliamentary club head Paweł Śliz, and bill sponsor Adam Gomoła representing the party. After the talks, a compromise version was transmitted to the Chancellery on Wednesday 24 June. The party now awaits a formal response.

What the new version changes

Sources close to Poland 2050 told PAP that the agreed amendments include shortening the maximum period the Financial Supervision Authority (KNF) may extend an account block or transaction suspension (previously up to six months). A further change would introduce State Treasury liability for damages caused by an official's error when an account is blocked unlawfully. These corrections, intended to balance supervisory powers and market participants' protection, are to be formally submitted at the committee stage in the Sejm.

Legislative fast track

Sejm Marshal Włodzimierz Czarzasty, at the request of Poland 2050 MPs, has agreed to shorten the public consultation period, signalling political readiness to accelerate the bill's passage. The overarching goal remains the implementation of the European Union's MiCA regulation, which aims to bring order to the crypto market.

What comes next

The government's original law, vetoed on 11 June, would have granted KNF supervisory powers and introduced sanctions. Finance Minister Andrzej Domański has already announced a new government proposal, but the Poland 2050 initiative attempts to bridge the gap between the president's demands and the ruling coalition. No date has been set for a decision from the Presidential Palace.