Polska 2050 in Talks with Presidential Palace over Cryptocurrency Bill

After President Nawrocki vetoed previous government proposals, Polska 2050 is negotiating a compromise version of a crypto-asset market bill with the Presidential Palace to address regulatory concerns and avoid further gridlock.

Negotiations for a Compromise Bill

In June, Polska 2050 submitted a rescue bill regarding the cryptocurrency market to the Sejm for the second time. This followed President Nawrocki’s latest veto of a government regulatory proposal. PAP reports that Polska 2050 is currently negotiating potential amendments with the Presidential Palace to ensure the bill gains presidential approval.

A meeting regarding this matter was held last Friday at the Ministry of Funds and Regional Policy. Attendees included the President’s Chief of Staff Zbigniew Bogucki, Minister of Funds and Polska 2050 leader Katarzyna Pełczyńska-Nałęcz, parliamentary club head Paweł Śliz, and the bill’s sponsor, MP Adam Gomoła.

Proposed Regulatory Adjustments

Following discussions, a compromise version of the Polska 2050 project was sent to the Presidential Chancellery last Wednesday. The party is currently awaiting a response. Internal information suggests that the talks led to an agreement on specific amendments, including shortening the maximum duration the Financial Supervision Authority can block accounts or suspend transactions, which was previously set at six months.

Another agreed-upon change involves establishing State Treasury liability for official errors in cases where account blocks are performed in violation of the law. These amendments are expected to be formally proposed during the parliamentary committee stage, with the Speaker of the Sejm, Włodzimierz Czarzasty, agreeing to shorten public consultation periods.

Presidential Concerns Over Over-Regulation

The Polska 2050 project differs from the previously vetoed government bill by incorporating three specific amendments previously requested by the President, such as lowering maximum token emission fees and removing certain over-regulation provisions. During May debates, the President’s representatives suggested that the bill should be less restrictive to prevent domestic firms from moving abroad.

President Nawrocki vetoed the government’s June bill, which aimed to designate the Financial Supervision Authority as the primary regulator with powers to impose sanctions. Finance Minister Andrzej Domański stated that the government will prepare a new bill, maintaining that there are no substantive reasons to change the core direction of the proposed regulations.