Poland's Tusk Says He Now Understands Crypto Bill Obstruction, Points to Zondacrypto

Polish Prime Minister Donald Tusk said on social media that he now understands why President Karol Nawrocki and the opposition Law and Justice party (PiS) have been "stubbornly blocking" cryptocurrency legislation. Tusk pointed to funds linked to crypto exchange Zondacrypto and its affiliated companies and law firms, which he said turned into a watch worth €40,000, media, campaign activities and a foundation for right-wing politicians. Earlier, Tusk's camp had repeatedly pushed for a crypto market oversight bill to align with EU rules, but Nawrocki rejected it several times, citing concerns that excessive regulation could drive the crypto industry out of Poland. In a related development, Foresight News earlier reported, citing CoinDesk, that the head of the Polish Olympic Committee, Radosław Piesiewicz, had been arrested by police. Investigators are looking into possible corrupt transactions between him and Zondacrypto. Prosecutors suspect that Zondacrypto CEO Przemysław Kral gave Piesiewicz a Patek Philippe watch worth around €40,000 (about $46,600) and other gifts in exchange for assistance when the exchange faced regulatory difficulties.