The digital asset industry could see the Clarity Act, its most significant piece of market structure legislation, signed into law as early as July, according to veteran Washington insider Kristin Smith.

During a recent interview with Fortune, Smith, president of the Solana Policy Institute and former head of the Blockchain Association, opined that the bill is facing a rather difficult path.

Passing standalone legislation during an election year is notoriously difficult. Lawmakers might bypass congressional gridlock by attaching niche bills to “must-pass” legislation.

However, Smith pointed out that this maneuver requires the direct sign-off from the leading Democrats and Republicans on relevant committees. That backdoor remains firmly…