Galaxy CEO: The crypto market is entering the "Solana season"

ChainCatcher news, according to market news, Galaxy Digital CEO Mike Novogratz stated on CNBC that the crypto market is entering the "Solana season," believing that the Solana blockchain is particularly suitable for financial market applications due to its high speed and high transaction capacity.

He emphasized the positive shift in the regulatory environment, especially after U.S. SEC Chairman Paul Atkins recently stated that he would push for the modernization of securities rules to support on-chain market activities, and clarified that "most crypto tokens are not securities." Meanwhile, Nasdaq has applied to the SEC to allow tokenized stocks and ETFs to trade on the same order book as their traditional versions, which, if approved, could enable blockchain settlement as early as the third quarter of 2026.

Novogratz predicts that Bitcoin will "only go up" in the long term.