Polish Prime Minister Donald Tusk has announced plans to ask the Speaker of the Sejm to organize a re-vote on the Crypto-Asset Market Act. The move follows the collapse of the Zondacrypto exchange in a scandal involving estimated losses of $94 million for affected customers.
Speaking during a council of ministers meeting focused on drafting the 2027 budget, Tusk stated that the situation surrounding Zondacrypto has become one of the country's largest crypto-linked corruption cases. He characterized the developments as a well-organized system rather than an isolated incident involving a single politician.
The Crypto-Asset Market Act previously faced a third presidential veto by President Karol Nawrocki on June 11. Tusk criticized past resistance to the regulation, stating that the ongoing fallout makes it impossible to ignore the need for oversight. Tusk further accused political figures of involvement and receiving illicit benefits, pointing to the circumstances surrounding the veto.
The repeated presidential vetoes have left Poland in a regulatory limbo, preventing the country from enforcing the European Union's Markets in Crypto-Assets (MiCA) standards. Consequently, national cryptocurrency exchanges remain unable to register within Poland.
Prior to the exchange's collapse, Przemysław Kral, the former head of Zondacrypto, had criticized the proposed legislation as a major step backward that would harm the national crypto industry.
