@kerrdolly
If regulators mandate more frequent proof-of-reserve disclosures, market volatility could decrease by restoring confidence. Transparent, standardized attestations reduce uncertainty around solvency, lowering risk premiums embedded in spreads. To test this, cross-platform comparisons can measure volatility before and after disclosures, controlling for macro factors. Metrics include depth resilience, funding rate skew, and realized volatility. If platforms with stricter transparency show consistently lower fluctuations, the hypothesis holds. Thus, data-driven analysis can validate whether improved trust through proofs translates into measurable stability in crypto market microstructure.