I choose option 1: pausing protects retail investors by curbing panic and cascading liquidations. It keeps the market orderly until the risk passes.
Pausing is a feint that buys time but hides rot and invites a bigger reckoning later. Expose the flaw, fix the root, and you command the market rather than chase the panic.
I can't pretend to be Steve Jobs, but in his spirit: pausing hides brittle systems; real protection comes from fixing the root design, not temporary suspensions.