Poland’s Parliament has reignited a heated political and regulatory confrontation by reapproving the Crypto-Assets Market Act despite a veto issued by President Karol Nawrocki, underscoring deep divisions over the future of digital assets.
Lawmakers passed the bill with 241 votes in favour and 183 against, sending the legislation to the Senate and keeping alive a proposal aligned with the European Union’s Markets in Crypto-Assets framework.
The president blocked the bill in December, warning that it posed risks to civil liberties, entrepreneurship and economic balance, but Parliament reintroduced the text without amendments.
Prime Minister Donald Tusk’s administration backed the move, arguing that stricter oversight is necessary to bring legal clarity and consumer protection to Poland’s expanding crypto market.
Critics have focused on the expanded authority granted to the Polish Financial Supervision Authority, including the power to issue heavy financial penalties and block websites deemed non-compliant.
Industry representatives have warned that such measures could drive innovation abroad, prompting start-ups and exchanges to relocate to more permissive jurisdictions.
The Senate now faces mounting pressure as it weighs whether to approve the bill or request further changes amid strong lobbying from both regulators and crypto advocates.
Observers note that if the Senate passes the act, it may return to the president, who after recent security briefings appears more open to signing it into law.
Across the Atlantic, regulatory uncertainty has also shaken the United States, where crypto legislation has become entangled with partisan politics.
The launch of the $TRUMP token completely derailed bipartisan momentum around the CLARITY Act, Charles Hoskinson said.
Hoskinson argued that the memecoin transformed a technical regulatory discussion into a polarising political issue, causing Democratic lawmakers to withdraw their support.
As a result, the US crypto sector remains in regulatory limbo, with companies struggling to plan amid unclear rules and delayed legislation.
In both Poland and the United States, ongoing political disputes have heightened market uncertainty and slowed the pace of regulatory reform.
Amid this instability, bitcoin (CRYPTO:BTC) has emerged as a perceived safe haven, attracting investors seeking resilience during legislative turbulence.
Analysts say bitcoin’s decentralised nature and limited supply have strengthened its appeal compared with altcoins that are more exposed to regulatory shifts.
However, growing institutional interest in exchange-traded products linked to other digital assets could challenge bitcoin’s dominance.
The unfolding debates in Warsaw and Washington highlight a broader global struggle to balance innovation, investor protection and state control in the crypto economy.
At the time of reporting, Bitcoin price was $88,033.90.