CFToken cookie disappears when enabling "Use UUID for cftoken"

Question

I've noticed that when enabling the option "Use UUID for cftoken" in ColdFusion Administrator the CFToken cookie is no longer set in the browser.

From my understanding this option should only cause the CFToken cookie to be a longer alphanumeric string for security purposes.

Is there another option that might cause this behavior in conjunction with the "Use UUID for cftoken" option?

Version: ColdFusion 2016