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A large group of top financial services trade associations asked the Treasury Department to extend a deadline for the initial implementation of federal stablecoin regulations under the GENIUS Act.

Treasury targets Mexico-based smuggling operative

The Treasury Department announced a new battery of sanctions targeting a “key leader” of the “Lopez Human Smuggling Organization,” a group previously targeted by the Biden administration starting in 2023.

The sanctions today specifically target Jumilca Sandivel Hernandez Perez, who Treasury says is a “Mexico-based” leader for a Guatemala-based smuggling operation.

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Punchbowl News Presents

Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.