Poland's cryptocurrency market law remains stalled after the Sejm failed to muster enough votes to override President Karol Nawrocki's veto. The chamber needed a three-fifths majority to reject the veto but fell well short, with 241 deputies voting in favour of overturning it, 198 against, and 3 abstaining, out of 442 deputies participating.
The vote followed a heated debate in the Sejm over the legislation, which was intended to establish a regulatory framework for the cryptocurrency market in Poland. With the override attempt failing, the law does not take effect, and the veto stands.
What the vote means
Under Polish constitutional procedure, a presidential veto can only be overturned by a three-fifths majority in the Sejm. The 241 votes cast in favour of overriding Nawrocki's veto fell short of that threshold, meaning the cryptocurrency market law is now effectively blocked in its current form.
The outcome leaves Poland without the specific legal framework the bill sought to introduce for digital asset markets, at a time when other European jurisdictions have been moving forward with the European Union's Markets in Crypto-Assets regulation. The failure to override the veto does not by itself explain what alternative legislative path, if any, lawmakers intend to pursue.
No further detail on the substance of the disputes raised during the Sejm debate, or on Nawrocki's own stated reasons for the veto, was included in the material reviewed for this report.
Next steps unclear
With the override vote failed, the bill returns to a state of limbo. Polish lawmakers could in principle attempt to draft a revised version of the law that might address the president's objections, though no timeline or indication of such an effort has been confirmed.
For now, the vote result of 241 to 198, with three abstentions among 442 participating deputies, stands as the formal record of the Sejm's failure to overturn the veto, leaving Poland's cryptocurrency market law without force.
