Polish lower house fails to overturn president's veto of crypto asset bill

On December 5, according to Bloomberg, Poland's lower house of parliament failed to reach the three-fifths majority required to overturn President Duda's veto in a vote held on Friday. Prior to the vote, President Duda stated that this legislation was crucial for implementing EU standards for the cryptocurrency industry and for national security. Although the bill had passed other levels of parliament, the president's veto and the lower house's failure indicate that the bill has encountered significant obstacles in the legislative process.