Poland's Finance Ministry is preparing a new crypto bill after the Sejm failed to override President Karol Nawrocki's veto of legislation intended to implement the European Union's Markets in Crypto-Assets Regulation, or MiCA. The 241-198 vote, with three abstentions, remained short of the 266 votes needed for the required three-fifths majority. A Civic Coalition spokeswoman said ministry officials were working on a draft, while Polish People's Party lawmaker Krzysztof Paszyk said the government would provide timing details in the coming days. The stalled legislation would have designated the Polish Financial Supervision Authority, or KNF, as the national crypto-market supervisor. The dispute has unfolded alongside the collapse and criminal investigation of Zondacrypto, formerly BitBay, whose customers are estimated by prosecutors to have lost at least $95 million. The exchange's Estonian operator, BB Trade Estonia, was declared bankrupt in August, while investigators are examining suspected fraud and money laundering and have traced funds through Estonia, Italy and Switzerland.