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HTX Creation Challenge — Post and Win 1,500UPoland Crypto Bill Blocked After Third Presidential Veto Poland’s lower house of parliament failed on September 4 to override President Karol Nawrocki’s thi

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Poland Crypto Bill Blocked After Third Presidential Veto
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 designated the Polish Financial Supervision Authority, known as the KNF, as the country’s crypto regulator and aligned domestic rules with MiCA, the bloc-wide framework that has already applied elsewhere for more than a year. Competing drafts from the government, the president’s office, the Poland 2050 party and the Confederation party had differed over the KNF’s enforcement powers and the financial penalties available to the regulator.

Why the President Keeps Rejecting It

Nawrocki has said he supports regulation of the sector but considers the government’s version too restrictive. When he vetoed the legislation in June, he said lawmakers had addressed only one of the 16 changes proposed by his office. “Bad law does not become good law simply because it is passed a hundred times,” Nawrocki said in a video statement announcing the decision. He has warned that the bill could impose excessive burdens on Polish crypto companies and encourage some firms to operate from other jurisdictions, and he separately proposed a version his office said would offer stronger fraud safeguards without the same costs.
Poland’s Widening MiCA Gap

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Poland Crypto Bill Blocked After Third Presidentia

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HTX Creation Challenge — Post and Win 1,500UBitcoin Price Prediction: Bull Flag or Bear Trap? What the Charts Say Bitcoin is approaching a critical technical level that could determine whether its rec

Bitcoin Price Prediction: Bull Flag or Bear Trap? What the Charts Say
Bitcoin is approaching a critical technical level that could determine whether its recent rally marks the start of a genuine trend reversal, according to Verified Investing chief market strategist Gareth Soloway. The analyst laid out both the bullish and bearish case using chart structure and historical cycle comparisons.

Why This Isn’t a Confirmed Bull Market Yet

Despite the rally, Soloway was clear that Bitcoin has not technically confirmed a new bull market. The issue is that price has not yet broken above its prior pivot high near $82,865, with the recent rally topping out around $82,300. Until that level is cleared, Bitcoin remains in a pattern of lower highs and lower lows, the technical definition of a downtrend, according to Soloway.

What’s Capping the Rally

Soloway identified two separate bear flag trend lines from earlier price action that, when extended forward, converge right around where the current rally has stalled. He described the alignment as coincidental but notable, calling it the technical reason the rally has been “capped” for now. He was careful to note this doesn’t rule out a breakout, and said recent price action has looked “very, very good” overall.

What a Higher High Would Signal

If Bitcoin breaks above the $82,865 pivot, Soloway said that alone wouldn’t guarantee a bull market, but it would represent the first higher high in the current pattern, opening the door to watching for higher lows on pullbacks.

He said a break higher wouldn’t preclude a pullback toward $68,000, but the broader structure would begin shifting from a downtrend toward a potential uptrend.

The Cycle Timing Question

Soloway also compared the length of the current market cycle to Bitcoin’s two prior major cycles. He said the 2017 peak-to-bottom cycle took roughly 360 trading bars (about a year), and the 2021 cycle length was nearly identical.

By 

Bitcoin Price Prediction: Bull Flag or Bear Trap?

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