Democrats added certain consumer protection rules to CLARITY: Coinbase exec

Written by Turner Wrightstaff writerReviewed by Sam Bourgistaff writerWritten by Turner Wrightstaff writerReviewed by Sam Bourgistaff writerDemocrats added certain consumer protection rules to CLARITY: Coinbase execLatest NewsPublishedJul 20, 2026Coinbase vice chair Ryan VanGrack said that Democratic lawmakers had added provisions on customer protection to a digital asset market structure bill under consideration in the US Senate.As lawmakers in the US Senate are likely to vote soon on the Digital Asset Market Clarity (CLARITY) Act, representatives from advocacy organizations and companies are providing details of closed-door negotiations over the bill, which is expected to be the most comprehensive piece of legislation affecting the crypto industry.In a Monday CNBC interview, Coinbase vice chair Ryan VanGrack said while the final negotiations over text of the CLARITY Act were taking place in the Senate, Democratic lawmakers had added additional protections for customers to give what he called “more teeth” to the legislation. He did not explicitly mention any progress on adding ethics provisions to the bill, which many Democrats said will be necessary for their votes. “[A]t the end of the day, this is about customer protections,” said VanGrack. “The status quo lacks this infrastructure, lacks these protections, and the Democrats used this opportunity, wisely, to make sure that customers were first and foremost in [this bill].”Notably, Coinbase CEO Brian Armstrong may have contributed to a delay for a markup of an earlier version of the bill in the Senate Banking Committee, when he announced in January that the exchange could not support the legislation as written. Several Coinbase executives have since come out publicly in favor of the Senate passing the bill, including chief legal officer Paul Grewal. Related: Ethics remain sticking point as crypto market structure bill goes to markupUnder the Biden administration, the US Securities and Exchange Commission (SEC)…

Democrats added certain consumer protection rules to CLARITY: Coinbase exec

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