Galaxy Digital CEO: Market Is Entering the "SOL Season," Market Momentum and Regulatory Signals Are All Favorable to Solana's Development

On September 12th, Mike Novogratz, the CEO of Galaxy Digital, stated that the crypto market is entering what he refers to as the "SOL (Solana) Season." This is because both market momentum and regulatory signals are favorable to the blockchain. In a CNBC interview on Thursday, Novogratz emphasized that Forward Industries (code FORD), which is led by Galaxy Digital, Jump Crypto, and Multicoin Capital, recently completed a $1.65 billion financing round. The purpose of this round is to build the world's largest Solana treasury strategy. A crypto treasury company focusing on altcoins is injecting new vitality and funds into the field. He also mentioned the changing regulatory landscape. Paul Atkins, the Chairman of the U.S. Securities and Exchange Commission, recently stated that the agency is working to "advance securities rule modernization to allow for market digitization." Novogratz described this move as a "thorough departure" from past policies, indicating accelerated institutional adoption. In addition, Nasdaq has recently submitted a rule change proposal to the SEC, seeking approval to list tokenized versions of stocks and ETFs for trading on the same order book as traditional securities. Novogratz stated that blockchain technology now has rapid, secure, and reliable characteristics, coupled with a robust regulatory framework, which is preparing Wall Street for adoption. He specifically pointed out that Solana, with its speed and high throughput, has become a customized blockchain suitable for the financial market. He emphasized that Solana and Ethereum are engaged in benign competition in rebuilding the global financial infrastructure. As applications mature, multi-chains will coexist through bridging.