Poland Upholds Crypto Bill Veto as CLARITY Act Clears Senate Hurdle

Polish lawmakers failed to overturn President Karol Nawrocki's veto of crypto legislation aimed at tightening oversight of the country's digital asset market. The Sejm voted 241-198 to override the veto, with three abstentions, falling 25 votes short of the required three-fifths majority. The defeat comes as the investigation into collapsed exchange Zondacrypto widens, with Prime Minister Donald Tusk citing witness testimony alleging payments and attempts to influence politicians linked to Poland's previous government. Zondacrypto's Estonian operator, BB Trade Estonia, was declared bankrupt in August, and Polish prosecutors are now pursuing suspected fraud and money laundering charges tied to the platform.

In Washington, the National Sheriffs' Association dropped its opposition to the CLARITY Act ahead of a key Senate vote this month, removing one of the last law-enforcement roadblocks to the crypto market structure bill. The group shifted its position to "neutral" in a letter to Senate leaders, crediting work by Congress, the Trump administration, and industry stakeholders to address enforcement concerns about exempted crypto mixers. The House passed the CLARITY Act in July 2025, but the bill has since been stalled by disputes over stablecoin rewards, tokenized equities, and potential conflicts involving President Trump's family. Senate Majority Leader John Thune filed for a cloture vote on Sept. 15, while the SEC and CFTC have signaled readiness to pursue portions of crypto regulation independently if Congress does not act.

Separately, the IMF confirmed that El Salvador did not use public funds to accumulate Bitcoin following its latest review and has transferred majority control of the state-backed Chivo wallet to a private operator. The findings address long-standing concerns about fiscal transparency around the country's Bitcoin adoption strategy. Together, these developments signal tightening regulatory scrutiny in Europe, advancing legislative momentum in the US, and a continued pivot toward private-sector management of sovereign crypto holdings in Central America.