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I fully agree. At the very least, there should be an option to use the lowest acceptable level of a hashing method that provides a sufficiently secure and up-to-date algorithm. Since this option is currently missing in SaaS, we cannot convert SecureText, which forces us to build custom solutions based on plain text — a much less secure approach than having proper hashing available.
We also view the Nov 1 deadline as a significant risk. Are any of your users even able to see banner warning "You will lose access to Dynamics 365 Finance and Operations apps on November 1, 2025 without a valid license. Contact your admin to assign a license as soon as possible" that Microsoft said would be appearing on September 1?