diff --git a/packages/shield-controller/CHANGELOG.md b/packages/shield-controller/CHANGELOG.md
index 30fa896757b..a995521c9fe 100644
--- a/packages/shield-controller/CHANGELOG.md
+++ b/packages/shield-controller/CHANGELOG.md
@@ -7,6 +7,14 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+### Added
+
+- Added `transactionMeta.rawTx` to the `logTransaction` request body. ([#7178](https://github.com/MetaMask/core/pull/7178))
+
+### Changed
+
+- Skipped transaction coverage check when the transaction is `submitted` or `confirmed`. ([#7178](https://github.com/MetaMask/core/pull/7178))
+
 ## [2.1.0]
 
 ### Added
diff --git a/packages/shield-controller/src/ShieldController.test.ts b/packages/shield-controller/src/ShieldController.test.ts
index d25e15cb221..91e1904c60f 100644
--- a/packages/shield-controller/src/ShieldController.test.ts
+++ b/packages/shield-controller/src/ShieldController.test.ts
@@ -461,6 +461,7 @@ describe('ShieldController', () => {
         txMeta: updatedTxMeta,
         status: 'shown',
         transactionHash: '0x00',
+        rawTransactionHex: '0xdeadbeef',
       });
     });
 
@@ -478,6 +479,7 @@ describe('ShieldController', () => {
       expect(components.backend.logTransaction).toHaveBeenCalledWith({
         status: 'not_shown',
         transactionHash: '0x00',
+        rawTransactionHex: '0xdeadbeef',
         txMeta: updatedTxMeta,
       });
     });
@@ -492,6 +494,17 @@ describe('ShieldController', () => {
       // Check that backend was not called
       expect(components.backend.logTransaction).not.toHaveBeenCalled();
     });
+
+    it('does not log when raw transaction hex is missing', async () => {
+      const components = setup();
+
+      await runTest(components, {
+        updateTransaction: (txMeta) => delete txMeta.rawTx,
+      });
+
+      // Check that backend was not called
+      expect(components.backend.logTransaction).not.toHaveBeenCalled();
+    });
   });
 
   describe('metadata', () => {
diff --git a/packages/shield-controller/src/ShieldController.ts b/packages/shield-controller/src/ShieldController.ts
index 8a422b1b548..296df877717 100644
--- a/packages/shield-controller/src/ShieldController.ts
+++ b/packages/shield-controller/src/ShieldController.ts
@@ -284,24 +284,30 @@ export class ShieldController extends BaseController<
     for (const transaction of transactions) {
       const previousTransaction = previousTransactionsById.get(transaction.id);
 
-      // Check if the simulation data has changed.
-      const simulationDataChanged =
-        // only check if the previous transaction has simulation data and if it has changed
-        // this is to avoid checking coverage for the `TWICE` (once when it's added to the state and once when it's simulated for the first time).
-        // we only need to update the coverage result when the simulation data has changed.
-        Boolean(previousTransaction?.simulationData) &&
-        !isEqual(
-          transaction.simulationData,
-          previousTransaction?.simulationData,
-        );
-
-      // Check coverage if the transaction is new or if the simulation data has
-      // changed.
-      if (!previousTransaction || simulationDataChanged) {
-        this.checkCoverage(transaction).catch(
-          // istanbul ignore next
-          (error) => log('Error checking coverage:', error),
-        );
+      if (
+        // We don't need to check coverage for submitted or confirmed transactions.
+        transaction.status !== TransactionStatus.submitted &&
+        transaction.status !== TransactionStatus.confirmed
+      ) {
+        // Check if the simulation data has changed.
+        const simulationDataChanged =
+          // only check if the previous transaction has simulation data and if it has changed
+          // this is to avoid checking coverage for the `TWICE` (once when it's added to the state and once when it's simulated for the first time).
+          // we only need to update the coverage result when the simulation data has changed.
+          previousTransaction?.simulationData &&
+          !isEqual(
+            transaction.simulationData,
+            previousTransaction.simulationData,
+          );
+
+        // Check coverage if the transaction is new or if the simulation data has
+        // changed.
+        if (!previousTransaction || simulationDataChanged) {
+          this.checkCoverage(transaction).catch(
+            // istanbul ignore next
+            (error) => log('Error checking coverage:', error),
+          );
+        }
       }
 
       // Log transaction once it has been submitted.
@@ -446,11 +452,17 @@ export class ShieldController extends BaseController<
       throw new Error('Transaction hash not found');
     }
 
+    const rawTransactionHex = txMeta.rawTx;
+    if (!rawTransactionHex) {
+      throw new Error('Raw transaction hex not found');
+    }
+
     const { status } = this.#getCoverageStatus(txMeta.id);
 
     await this.#backend.logTransaction({
       txMeta,
       transactionHash,
+      rawTransactionHex,
       status,
     });
   }
diff --git a/packages/shield-controller/src/backend.test.ts b/packages/shield-controller/src/backend.test.ts
index b5777f6bbc7..820986bc948 100644
--- a/packages/shield-controller/src/backend.test.ts
+++ b/packages/shield-controller/src/backend.test.ts
@@ -362,6 +362,7 @@ describe('ShieldRemoteBackend', () => {
       await backend.logTransaction({
         txMeta: generateMockTxMeta(),
         transactionHash: '0x00',
+        rawTransactionHex: '0xdeadbeef',
         status: 'shown',
       });
       expect(fetchMock).toHaveBeenCalledTimes(1);
@@ -377,6 +378,7 @@ describe('ShieldRemoteBackend', () => {
         backend.logTransaction({
           txMeta: generateMockTxMeta(),
           transactionHash: '0x00',
+          rawTransactionHex: '0xdeadbeef',
           status: 'shown',
         }),
       ).rejects.toThrow('Failed to log transaction: 500');
diff --git a/packages/shield-controller/src/backend.ts b/packages/shield-controller/src/backend.ts
index 0db6e677ef2..cd94bc910a7 100644
--- a/packages/shield-controller/src/backend.ts
+++ b/packages/shield-controller/src/backend.ts
@@ -177,8 +177,10 @@ export class ShieldRemoteBackend implements ShieldBackend {
 
   async logTransaction(req: LogTransactionRequest): Promise<void> {
     const initBody = makeInitCoverageCheckBody(req.txMeta);
+
     const body = {
       transactionHash: req.transactionHash,
+      rawTransactionHex: req.rawTransactionHex,
       status: req.status,
       ...initBody,
     };
diff --git a/packages/shield-controller/src/types.ts b/packages/shield-controller/src/types.ts
index 1c9a911c691..7f2d32fb183 100644
--- a/packages/shield-controller/src/types.ts
+++ b/packages/shield-controller/src/types.ts
@@ -23,6 +23,7 @@ export type LogSignatureRequest = {
 export type LogTransactionRequest = {
   txMeta: TransactionMeta;
   transactionHash: string;
+  rawTransactionHex: string;
   status: string;
 };
 
diff --git a/packages/shield-controller/tests/utils.ts b/packages/shield-controller/tests/utils.ts
index 70f00b0be8d..5243d32804c 100644
--- a/packages/shield-controller/tests/utils.ts
+++ b/packages/shield-controller/tests/utils.ts
@@ -34,6 +34,7 @@ export function generateMockTxMeta(): TransactionMeta {
     type: TransactionType.contractInteraction,
     origin: 'https://metamask.io',
     submittedTime: Date.now(),
+    rawTx: '0xdeadbeef',
   };
 }