Poland's parliament remains deadlocked over implementing the EU's Markets in Crypto-Assets (MiCA) regulations, risking the exodus of local crypto companies. The Sejm has repeatedly failed to pass a domestic law aligning with MiCA, with President Karol Nawrocki vetoing the bill twice due to concerns over excessive regulation. The lack of a regulatory framework leaves Poland as the only EU member yet to comply with MiCA, with the transition deadline looming on July 1. The Warsaw Enterprise Institute criticized the proposed law for its length and restrictive measures, which include a ban on marketing basic cryptocurrencies and empowering the Polish Financial Supervision Authority (KNF) with extensive regulatory powers. As a result, Polish crypto firms are considering relocating to countries like Latvia and the Czech Republic, which offer more favorable regulatory environments. With the deadline approaching, the absence of a clear legal path threatens the competitiveness of Polish crypto businesses in Europe.