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🇵🇱 Poland /Elections & Politics

President’s crypto veto returns to parliament as lawmakers debate the vote

From Rzeczpospolita · () Polish

Translated from Polish and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • Poland’s Sejm is debating whether to override President Karol Nawrocki’s veto of legislation regulating the cryptoasset market.
  • Prime Minister Donald Tusk called for a vote, saying the Zondacrypto case showed the need for regulation.
  • Overriding the veto would require a three-fifths majority with at least half of all lawmakers present; the article also details the investigation into Zondacrypto and related allegations against Polish Olympic Committee chief Radosław Piesiewicz.

The Sejm has returned to President Karol Nawrocki’s veto of Poland’s cryptoasset bill, with the parliamentary debate taking place as prosecutors investigate the cryptocurrency exchange Zondacrypto.

Prime Minister Donald Tusk asked the speaker of the Sejm to put the veto to a vote last Friday. He said the Zondacrypto case was “taking on shapes that truly inspire a kind of horror” and argued that “we must have a law that regulates this market.”

Nawrocki vetoed the bill for the third time on June 11, saying his concerns had again not been taken into account. If parliament rejects the veto and passes the bill again, the president would be required to sign it. The override requires three-fifths of the votes, provided at least half of the statutory number of deputies take part.

Taking on shapes that truly inspire a kind of horror

· Donald TuskThe prime minister described the Zondacrypto case while urging parliament to vote on the president’s veto.

The political arithmetic remains important. In the previous vote on overriding the veto, deputies from Civic Coalition, the Polish People’s Party, The Left, Centrum and Poland 2050 supported the move, while Law and Justice and Confederation opposed it. According to Sejm information, all 171 participating Law and Justice deputies voted against overriding the veto. Seventeen party deputies did not take part, including party leader Jarosław Kaczyński and parliamentary group leader Mariusz Błaszczak.

The Zondacrypto investigation began on April 17, focusing on alleged fraud involving substantial sums and money laundering. Prosecutors have received several thousand crime reports. In August, the case was joined to an investigation into the disappearance of Sylwester Suszek, founder of BitBay, the exchange that preceded Zondacrypto. Polish Olympic Committee president Radosław Piesiewicz was later detained and charged with paid protection and favoring a group of Zondacrypto creditors at the expense of others amid threatened insolvency. He denies guilt, and a court approved his three-month detention.

We must have a law that regulates this market

· Donald TuskTusk argued that the investigation showed the need for cryptoasset regulation.
About this summary

Originally published by Rzeczpospolita in Polish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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