The Commodity Futures Trading Commission (CFTC) has reissued Staff Letter 25-40 on February 6, with limited revisions to the definition of "payment stablecoins." The update clarifies that national trust banks can serve as compliant issuers. Originally released on December 8, 2025, the letter adopts a no-action stance for futures commission merchants accepting non-securities digital assets, including payment stablecoins, as customer margin and holding some proprietary payment stablecoins in customer segregated accounts. This revision aims to prevent the unintentional exclusion of national trust banks and expand the range of eligible issuers.