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

By: theblockbeats.news|2025/09/12 09:03:06

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BlockBeats News, September 12th, Galaxy Digital CEO Mike Novogratz stated that the crypto market is entering what he calls the "SOL (Solana) Season," as market momentum and regulatory signals are both moving in favor of the blockchain.

Novogratz emphasized in a CNBC interview on Thursday that Forward Industries (code FORD), led by Galaxy Digital, Jump Crypto, and Multicoin Capital, recently completed a $1.65 billion financing round aimed at building the world's largest Solana treasury strategy. A crypto treasury company focused on altcoins is injecting new vitality and funds into the field.

He also mentioned the shifting regulatory landscape. Paul Atkins, 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, signaling 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 possesses rapid, secure, and reliable characteristics, coupled with a robust regulatory framework, 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, emphasizing that Solana and Ethereum are engaged in benign competition in rebuilding the global financial infrastructure. As applications mature, multi-chains will coexist through bridging.

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