Coinbase vice chair Ryan VanGrack has said Democratic lawmakers incorporated additional customer safeguards into the Digital Asset Market Clarity Act during Senate negotiations.

Speaking in a Monday interview, VanGrack described the provisions as strengthening the legislation to prioritize investor protections in the absence of existing comprehensive rules. The bill represents the most significant proposed framework for US cryptocurrency regulation.

The comments came as the Senate prepares for a potential vote before the August recess. Ethics-related concerns remain a key point of discussion among Democrats.

Coinbase had previously withheld support for an earlier version of the bill, contributing to delays in committee proceedings. Several executives, including chief legal officer Paul Grewal, have since endorsed its passage.

The legislation has received backing from President Donald Trump. Recent meetings between Republican senators and the president addressed industry ties, following disclosures of substantial presidential earnings from digital asset ventures. Senate Democrats conducted internal discussions on their stance last week.

The bill’s final text has not yet been released, and no floor vote has been scheduled.