Poland’s lower house of parliament failed on September 4 to override President Karol Nawrocki’s third veto of a crypto-asset bill, leaving the country without a domestic supervisory framework under the European Union’s Markets in Crypto-Assets Regulation, or MiCA. Lawmakers voted 241 in favor and 198 against, with three abstentions — a result 25 votes short of the 266 required to compel the president to sign, according to crypto.news reporting on the vote.

A Threshold That Proved Too High

Polish rules required a three-fifths majority of the 442 lawmakers present to overturn the veto. Because the motion was defeated, the latest version of the legislation cannot advance through the parliamentary process. The bill would have…