#us-regulation

#us-regulation

Volvo Cars reached an agreement with the Trump administration that exempts the automaker from a U.S. crackdown on Chinese-connected vehicle technology. The Swedish automaker, which is majority owned by China's Geely Holding, said Tuesday that it received specific authorization from the U.S. Department of Commerce to continue importing and selling vehicles with Chinese connected car technology in the United States. Bloomberg was first to report the special authorization.

The bitcoin price could climb to $143,000 next year as continued adoption through exchange-traded funds and a more accommodating U.S. regulatory backdrop draw new capital into the market, according to a new forecast from Citi. Analysts at the Wall Street bank set $143,000 as their base-case target for the bitcoin price over the next 12 months. They outlined a bullish scenario that places the price above $189,000, while their bearish case sees the bitcoin price falling to around $78,500 if macroeconomic conditions deteriorate, according to MarketWatch reporting.