The Sejm, which is Poland’s lower legislative house, has passed a revised version of a crypto regulation bill that could impose limitations on the cryptocurrency industry, following the previous veto from the nation’s leader. In a recent vote, lawmakers favored the Crypto-Assets Market Act with 241 votes in favor compared to 183 against. This version of the bill, which was deemed overly restrictive by many, has now moved to the Senate for further evaluation.

Progress of Poland’s Crypto-Asset Market Act

Source: Sejm

The intent of the legislation is to bring Polish crypto regulations in line with the European Union’s Markets in Crypto-Assets Regulation (MiCA), with compliance expected by July 2026. The previous iteration of the bill faced backlash from certain lawmakers who expressed concerns over its potential damage to the local crypto market and its participants.

Although the initial attempt to pass the bill did reach the Senate, it was vetoed by President Nawrocki in December, who argued that it threatened the freedoms of Polish citizens and posed risks to state stability. Lawmakers have now reintroduced the bill without modifications in what is seen as a clear signal to ensure its passage this time.

A spokesperson from the government suggested that the likelihood of the bill being signed into law has increased after the president was briefed intimately regarding its national security implications.

President Nawrocki has expressed opposition to stringent crypto regulations. Since taking office in August, he voiced support for the crypto industry prior to his election, emphasizing the need for innovation over regulation.

Nawrocki won his role with a narrow victory of 50.89% during the presidential elections, making him eligible to seek a second term in 2030. Cointelegraph sought comments from his office, but no response was available by the time of publication.