The CLARITY Act failed to win the 60 votes needed to advance in the Senate after final bipartisan negotiations over ethics rules collapsed. Several Democrats who helped shape the bill opposed moving forward, saying restrictions on crypto interests held by Trump, his family and officials were too weak. The setback keeps the major crypto market-structure proposal off the Senate floor.

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The U.S. Senate voted Tuesday to stop the Clarity Act from moving forward, dealing a setback to the crypto industry’s effort to secure a comprehensive framework for market regulation.

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One of the most consequential U.S. regulations for crypto markets failed to secure enough support to clear the Senate’s final 60-vote hurdle, prompting reactions across the industry.

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An initial Senate vote aimed at moving the Clarity Act closer to becoming law failed amid opposition to President Trump’s crypto wealth.

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The years-long push to establish U.S. rules for crypto markets failed to secure enough support to clear the Senate’s final 60-vote threshold.

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With both parties digging in, the crypto market-structure bill still lacks the votes needed to clear the Senate’s first hurdle scheduled for Tuesday.

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Mark Carney says Canada will seek a “unique security and economic alliance” with Europe, presenting the country as a safe destination for investment in a “new global economic order.” As relations with the US have fractured, Ottawa is working to reduce its trade dependence by deepening economic and political ties with the EU, though talks remain at an early stage.

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Canadian Prime Minister Mark Carney is travelling to Europe amid a trade war with US President Donald Trump, pursuing a deeper relationship with the European Union that could give Canadians more freedom to work and study there.

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Mark Carney is reportedly expected to use his European trip to pursue a new arrangement with the EU that could let Canadians live and work across the bloc without visa restrictions.

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Canadian Prime Minister Mark Carney is visiting Strasbourg and Liverpool to pursue what he calls a “unique alliance” with the EU, seeking stronger trade, investment and security ties as relations with Washington deteriorate. Carney says Canada does not want EU membership, but Ottawa is exploring a deeper partnership, including visa-free living and work arrangements in Europe.

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Prime Minister Mark Carney is presenting Canada as a “safe harbour” for major investors amid geopolitical uncertainty and an intensifying trade war with the US. At a Toronto investment summit, he pledged to attract C$1tn over five years and announced plans to allow private investment in operations at four major airports, drawing criticism from labour unions.

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China’s industrial output grew faster in August, but weak consumption and a worsening investment slump intensified concerns about deepening imbalances in the economy.

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China’s investment downturn worsened in August, while retail sales growth slowed further. Industrial output exceeded forecasts by a wide margin as Beijing warned of an imbalance between supply and demand, adding to pressure on policymakers.

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Nigerian billionaire Aliko Dangote has launched Africa’s biggest-ever share sale, listing 4.1 billion shares in his Lagos refinery. He called it a “people’s IPO” intended to give all Nigerians a chance to benefit from the plant’s wealth potential. Trading is expected to begin in November. Global oil prices also rose as Houthi attacks led Saudi Arabia to shut its East-West oil pipeline.

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Nigeria’s Dangote refinery is opening up to public ownership and plans to raise $1.6 billion from retail investors across the continent. President Felix Tshisekedi has called on the National Service to clean Kinshasa’s streets, while the Youth Olympic flame begins touring Senegal ahead of the Games.

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Nigerian billionaire Aliko Dangote has launched Africa’s largest share sale, offering the public about 3% of his refinery in an IPO that could raise up to $2.1bn. He says the sale will let ordinary Nigerians share in the plant’s success, while experts warn that prices could fall and urge buyers to avoid investing money they need soon.

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Aliko Dangote plans to raise about $1.6 billion through an IPO of Dangote Industries to help fund a $14.3 billion expansion that would double the refinery’s capacity to 1.4 million barrels per day. The offer is pitched as a way for millions of Nigerians to own a stake, but affordability remains in question despite a 525-naira price per share and a 10-share minimum.

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Aliko Dangote’s Nigerian refinery business has launched what is described as Africa’s biggest-ever IPO. If fully subscribed, Dangote could add $23bn to his $35bn fortune, while the refinery’s valuation is expected to reach about 65.22tn naira. The offering is aimed at institutional and retail investors, particularly young Nigerians.

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Nigerian billionaire Aliko Dangote launched an initial public offering for his oil refinery on Monday, calling it Africa’s largest share sale to date. The IPO opens ownership of the plant to retail investors and raises funds for expansion.

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SEC Chair Paul Atkins supports the Clarity Act but says the agency will continue advancing crypto regulation even without the legislation. He identified crypto issuance, transfer-agent modernization and custody as the foundation of that regulatory effort.

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