CFTC Chairman Michael S. Selig shared on social media platform X:
FAQ ⏰ What did CFTC Staff Letter 25-40 change? It updated the payment stablecoin definition to include tokens issued by national trust banks. Why are national trust banks important to stablecoins? They are federally chartered institutions authorized to custody and issue payment stablecoins. How does the update affect futures commission merchants? It reduces uncertainty when accepting qualifying stablecoins as customer margin collateral. Does the revision alter existing compliance conditions? No, it preserves all substantive limitations from the original no-action relief.CFTC Expands Stablecoin Collateral Rules as National Trust Banks Gain Approval
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