Galaxy Digital CEO: The market is ushering in the "SOL season", and market momentum and regulatory signals are conducive to Solana's development

Odaily Planet Daily News Galaxy Digital CEO Mike Novogratz said the crypto market is entering what he calls the "SOL (Solana) season" as market momentum and regulatory signals are moving in a direction that favors the blockchain. Novogratz emphasized in an interview with CNBC on Thursday that Forward Industries (code FORD), led by Galaxy Digital, Jump Crypto and Multicoin Capital, recently completed a $1.65 billion financing to build the world's largest Solana funding strategy, and cryptocurrency-focused cryptocurrency companies are injecting new vitality and money into the field. At the same time, he mentioned the change in regulatory background. SEC Chairman Paul Atkins recently said the institution is working to modernize securities rules to allow market on-chain, and Novogratz said the move is completely contrary to previous policies, marking an acceleration of institutional adoption. In addition, Nasdaq has recently submitted a rule change application to the SEC, seeking approval to allow tokenized versions of listed stocks and ETFs to be traded in the same order book as traditional securities. Novogratz said that blockchain technology now has fast, secure and reliable characteristics, and with a complete regulatory framework, it is ready for Wall Street to adopt it. He specifically pointed out that Solana has become a customized blockchain suitable for financial markets with its speed and high throughput, and emphasized that Solana and Ethereum have formed a healthy competition in rebuilding global financial infrastructure. As the application matures, multiple chains will coexist through bridging.