CFTC Staff Reissues Letter 25-40 with Limited Revision to Payment Stablecoin Definition
On February 6, 2026, the U.S. Commodity Futures Trading Commission's (CFTC) Market Participants Division announced the reissuance of CFTC Staff Letter 25-40, which includes a limited revision to the definition of 'payment stablecoin.' This update modifies the prior version of the staff letter.
The CFTC's Market Participants Division is the division responsible for issuing the announcement and the reissued letter.
CFTC Staff Letter 25-40 pertains to regulatory guidance relevant to derivatives markets, with the revision specifically targeting the 'payment stablecoin' definition.
The reissuance was reported by Gibson Dunn & Crutcher LLP in their Derivatives, Legislative and Regulatory Weekly Update dated February 6, 2026.
This action represents a targeted update to existing staff guidance from the CFTC, a key U.S. regulatory body overseeing commodity derivatives and related financial instruments.
Key Takeaways
- 01CFTC Market Participants Division reissued Staff Letter 25-40 on February 6, 2026.
- 02Reissuance features a limited revision to the 'payment stablecoin' definition.
- 03Announcement reported in Gibson Dunn & Crutcher LLP's weekly regulatory update.
- 04Pertains to CFTC guidance on derivatives and stablecoins.