Right… that’s why there should be a high salary and good pension for running, getting elected and serving. If you can run once and technically retire decently, it would incentivize normal people to run. Hopefully once you have enough regular folk you can ban insider trading.
But even as it is, insider trading only really helps the people with money already. What am I gonna take the pittance I have in the bank and invest it? I would only be slightly less poor, even with some amazing trades.
I feel like the answer to most of these open ended questions are that the taxpayers are going to waste a Yuuge! amount of money on lawsuits from a ton of different states. Things will get tied up in court, their will be rulings, rulings will be ignored, etc. If nothing else, we can rest assured we are going to see our tax dollars lit on fire. Budgets, especially states, are going to be wrecked