On Monday, December 1, 2025, President Karol Nawrocki set a veto against the Act on the crypto-activism market, which was to implement the EU MiCA regulations (Markets in Crypto-Assets Regulation). This decision caused a storm in political and business circles. Sławomir Mentzen, a prominent Confederate politician and a staunch supporter of cryptocurrency, did not hide enthusiasm. In his entry on platform X (formerly Twitter), he wrote: "It is very good that the President vetoed the cryptocurrency bill. Its introduction would lead to the collapse of another industry in Poland!".In the programme on Radio ZET – led by Bogdan Rymanowski, Mentzen explains his position in detail, highlighting the risks to innovation and economic freedom.But is it really a defence of the market, or is it a political manoeuvre on the eve of new regulatory challenges?
Background of the dispute: EU MiCA versus Polish reality
Code Act, passed by the Sejm on November 7, 2025,aimed at adapting Polish law to EU standards.MiCA introduces a framework for the issuance and trading of digital assets, imposing obligations on token issuers and cryptocurrency service providers.Market surveillance was entrusted to the Financial Supervision Commission (KNF), which would gain tools for control and sanctions, including blocking websites suspected of violations.
Regulation supporters, including Donald Tusk's government, argued that without the Act Poland would remain a "black hole" in the EU – the only country without dedicated legislation for cryptocurrency.KNF warned that failure to implement MiCA by July 2026 could result in delisting cryptocurrency with brokers and stock exchanges offersthat would hit thousands of investors.Prime Minister Tusk, commenting on the veto, spared no words: "To say that the President's veto on cryptocurrency is ambiguous is not to say anything. In the background big money, scandals and investigations".He pointed out links to "the mysterious disappearance of the cryptocurrency king" and funding the radical campaign of the right.
On the other hand, project critics – including the Confederate environment – saw it as "an innovation trap". The Act would allow the "one-click off" websites of cryptocurrency companies, which, according to President Nawrocki, threatens civil liberties and stability of Poles' assets. The Communication of the Chancellery of the President emphasized: "Veased laws actually threaten the freedoms of Poles, their property and the stability of the state".
Mentzen on ZET: "This is a rescue for industry"
In the recording of Radio ZET, which Mentzen published on X, the Confederate MP leaves no doubt about his position. In response to questions by Bogdan Rymanowski, he said: "This bill is not consumer protection, but a tool to strangle competition‘. He stressed thatPoland, with a dynamically developing cryptocurrency market (the value of turnover exceeds PLN billion per year), could become a European innovation hub. Instead, Tusk's regulations would, according to him, lead to the disappearance of capital abroad, as with previous "overregulation" in the Fintech sector.
Mentzen, known for his personal involvement in cryptocurrency (in his wallet are, among others, bitcoins worth millions of PLN), defends the vet as an act of courage. ‘The President listens to the voice of entrepreneurs and investors, not Brussels bureaucrats" – adds. His entry on X quickly gained popularity. Supporters praise "the protection of freedom," opponents accuse hypocrisy: "You speak this in the interests of other people, not your own?" one of the Internet users asks.
What's next with the bill?
The Tusk government is not going to give up. The Prime Minister announced a quick work on the "Project 2.0" to come back urgently. ‘We will not allow a few businesses to block the protection of millions," said Tusk. In the background there are scandals: an investigation into money laundering by Crypto and the disappearance of prominent market players, which only heats the atmosphere.
What next for the Polish code?
The Polish cryptocurrency market, worth billions and employing thousands of people, was suspended. Without the KNF bill, there is no full supervision, which increases the risk of fraud – from scams to hacking attacks. On the other hand, supporters of the free market fear that excessive regulation will deter innovators.Experts from the Blockchain Chamber of Commerce and New Technologies estimate that the implementation of MiCA in raw form could cost the industry up to 20% of turnover.
Nawrocki's veto gives time for discussion, but EU pressure is inexorable. By July 2026 Poland must have regulations, otherwise it is in danger of isolation. For Mentzen and Confederacy it is an opportunity to mobilise the electorate – young, digital and anti-regulatory. Will the veto prove to be a triumph of freedom or a delay of the inevitable? Time will tell, but one thing is certain: Crypto In Poland, they remain a hot topic, where politics intertwin with technology in an unexpected way.
