Identical Draft Revives Debate Over National vs. EU Crypto Oversight
Poland’s government has reignited a political dispute over crypto regulation by resubmitting an 84-page digital assets bil the same proposal that was vetoed only days earlier by President Karol Nawrocki. The move has intensified friction between the president and Prime Minister Donald Tusk’s coalition, particularly as the European Union prepares for full MiCA compliance by mid-2026.
Polska2050, a key party in the ruling coalition, reintroduced the legislation with claims that it represents an “improved” framework. However, government representatives publicly acknowledged that “not even a comma” had been altered from the earlier version, known as Bill 1424. The new submission, labeled Bill 2050, again seeks to assign the Polish Financial Supervision Authority as the primary regulator of the domestic crypto asset market.
Critics argue that the bill mirrors the earlier draft entirely. Opponents, including several Polish lawmakers, warn that the proposal amounts to excessive regulation, especially when compared with shorter MiCA-aligned legislation adopted in other EU countries.
MiCA Rollout Raises Questions of Authority
The controversy unfolds against the backdrop of a broader EU conversation about whether oversight under MiCA should be handled nationally or centralized under the European Securities and Markets Authority. Supporters of centralized supervision say fragmentation could weaken the reliability of MiCA enforcement, while others argue that shifting authority to ESMA could impose additional burdens and slow innovation.
Government officials suggest the president may not veto the bill again after receiving a confidential security briefing. At the same time, reports indicate that an alternative draft may have been presented to the president one potentially designed to better align with MiCA and reduce the scope of local regulatory control.
As Poland pushes forward, the debate underscores a larger question facing the EU: how to balance national autonomy with unified oversight in the fast-evolving crypto sector.
Disclaimer
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