By vetoing the cryptocurrency bill, President Karol Nawrocki defended the savings of Polish citizens from the ambitions of Donald Tusk’s government. As revealed today on the program #Jedziemy on TV Republika by the president’s spokesperson Rafał Leśkiewicz, the key reason for the veto was a provision allowing officials to arbitrarily cut citizens off from their money. This mechanism closely resembles the grab for assets accumulated in the Open Pension Funds (OFE), meaning that the president’s veto effectively saved Poles from a repeat of that history.
The spokesperson for the President of the Republic of Poland, Rafał Leśkiewicz, explained today on Michał Rachoń’s program #Jedziemy on TV Republika the background of the decision so fiercely attacked by Tusk. As he clarified, the government bill, prepared under the pretext of implementing EU regulations, was a legal monstrosity that, under the guise of regulation, concealed tools dangerous to economic freedom and the property rights of Poles.
One click and they take your money
During the conversation on #Jedziemy, Rafał Leśkiewicz indicated that the condition for the president’s signature is the removal of the possibility to shut down, by administrative decision, websites that enable cryptocurrency trading.
As Leśkiewicz stated, “If the bill that reached the president’s desk allows, essentially with a single decision, the blocking of a website that distributes cryptocurrencies and results in a legally operating company on the market ceasing to exist from one day to the next, while people who invested their money may lose those funds, then this is the fundamental problem of this legislation”, said Rafał Leśkiewicz.
Put plainly, this means that Donald Tusk, Marcin Kierwiński, or Andrzej Domański could, with a single personal decision, cut Poles off from their legally accumulated funds. It would be as if they could, with one click, disable online banking applications or bank websites, completely cutting citizens off from their own money. The president could not agree to such a drastic restriction of economic freedom.
Tusk is once again reaching for Poles’ savings
This situation dangerously resembles the actions of Donald Tusk’s past government, which dismantled the Open Pension Funds (OFE), depriving Poles of a significant portion of their retirement savings.
Through his veto, President Karol Nawrocki effectively saved Poles’ savings from the ambitions of Tusk, Kierwiński, and Domański. His decision is a clear signal that he will not accept legislation that undermines property rights and the financial security of citizens.
The government’s “legal monstrosity”
The president’s spokesperson emphasized that Donald Tusk’s government created a “legal monstrosity”, a bill that is “completely overregulated”.
Furthermore, as Leśkiewicz noted, other EU countries, such as the Czech Republic or Slovakia, managed to implement the EU regulation properly, without creating risks for their citizens. Poland, despite having two years to do so, failed – which demonstrates the deep incompetence of the current authorities. Instead of preparing a good law, the government preferred to attack the president, who stood on the side of the citizens.