Poland’s Sejm failed for a third time to overturn President Karol Nawrocki’s veto of legislation that would have regulated the cryptocurrency market and designated the Financial Supervision Authority (KNF) as the domestic regulator under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The motion received 241 votes in favor, 198 against and three abstentions among 442 lawmakers present, falling 25 votes short of the 266 required. Poland remains the only EU member state without a functioning national MiCA framework after missing the bloc’s July 2026 implementation deadline, and KNF has acknowledged that no authority has been designated for the sector. Nawrocki said lawmakers had addressed only one of the 16 changes he proposed before his June 11 veto, while arguing that powers such as website blocking could drive legitimate firms abroad. The standoff coincides with a criminal investigation into Zondacrypto, formerly known as BitBay, involving the 2022 disappearance of founder Sylwester Suszek and estimated investor losses of at least 350 million zlotys, or roughly $95 million. Olympic Committee President Radosław Piesiewicz was reportedly detained over alleged ties to Zondacrypto founder Przemysław Kral, while the exchange’s Estonian operator, BB Trade Estonia, was declared bankrupt in August. The veto remains in force, leaving Polish crypto firms uncertain over licensing and enforcement while lawmakers consider whether a revised bill can address Nawrocki’s objections.