I think the status quo should remain.
That would please everybody who is actually FLYING
I still cannot get my head around the (as proposed by EASA FCL) precedent of stripping currently licensed and active pilots of their privileges. This has
AFAIK never been done, anywhere, in the past.
I am not sure whether the proposal was drafted by a bunch of "out of touch with reality" non-flying axe grinders in a closed room, or whether they got legal advice (which would be pretty complex, given the ICAO / international aviation issues) and found they can pull this off. My money would be on the former, because the relevant parts of the proposal are clearly poorly drafted (e.g. "residency" is not defined) and if they really did the full legal/political due diligence they would have done a better job of drafting it afterwards.