Where did such a radical idea come from? Through a crypto scandal
It seemed that 2026 would bring stabilization of the cryptocurrency industry in Poland. We are in May, and the chaos is still not over. On Monday, a bill was sent to the Sejm that does not so much aim to regulate as simply ban the operation of activities related to crypto assets throughout the country. It is not just a typical political tax fight, but an attempt to erase an entire sector of the economy that is valued worldwide at 2.7 bn USD.
Where does such a sudden shift toward a total ban come from? Well, Law and Justice politicians know that the zondacrypto scandal is widening its circle and could negatively affect the party’s PR. After all, no one else than former PiS MP Janusz Kowalski actively proposed a new crypto bill.
Therefore the party decided to make a powerful reversal and become mortal enemies of the crypto sector overnight. A group of 17 MPs led by Mariusz Błaszczak and Jacek Sasinski submitted a bill that aims to eliminate the entire business sector related to crypto assets. It’s an abstract premise that throws modern tech hubs with “unfair market practices” into one basket.
See also: The government has lowered its tone and seeks a compromise with the president? It’s about cryptocurrencies
Stupid or drunk? – Prime Minister Tusk points out the absurd bill
The government head’s reaction to the PiS bill was swift and (by diplomatic standards) unusually sharp. Donald Tusk commented on the whole matter on X, saying:
KryptoPiS submitted a bill banning the trade of cryptocurrencies. From wall to wall – stupid or drunk…
For investors and young entrepreneurs, this is a pretty loud signal that the government does not intend to support the opposition’s radical ideas. Cryptocurrencies are today assets that Wall Street invests in (examples include BTC ETFs from BlackRock), while the Polish political scene offers a solution reminiscent of witch hunts – if zondacrypto turned out to be a huge fraud, let’s infect the whole industry. Following that logic, we should ban bicycles because some thief stole a bike – users comment on X.
See also: Bitcoin price (BTC/USD, BTC/PLN) before the next crash? Investors turn to the US Senate
Project anatomy – let there be nothing
The bill against unfair market practices assumes that operating in the crypto asset space is the same practice regardless of whether we actually deceive someone or not. In other words, the mere fact of operating in the blockchain world should be illegal in Poland.
PiS MPs argue their crusade by claiming that the development of the crypto market is an “immediate threat to consumer safety and financial stability.” The bill’s key argument is the anonymity in the crypto world and the difficulty of identifying beneficiaries. This is at least a strange argument, given the rigorous KYC (Know Your Customer) and AML procedures that most crypto exchanges apply more strictly than some traditional banks.
There is also another almost comedic thread in this story. On the same Monday, when the crypto ban bill was submitted, four PiS MPs withdrew support for an earlier crypto bill. Why? Because its face was Janusz Kowalski, who recently left the PiS club. MP Kowalski did not stay indebted, because on X he noticed that PiS is funding Tusk’s next term, and young voters (the so‑called “normals” and innovation fans) are being pushed straight into the arms of Sławomir Mentzen and Confederation.
See also: Bitcoin or Ethereum? Prof. Krzysztof Piech cuts the debate. “It would be too far‑reaching.”
