It seems to me there are 2 separate issues here that should be considered:
1). Females encroaching on and in and using male sports activities to augment their bit of money and glory;
2). The relatively untalked about issue of males, or physically similar, encroaching on and in and using female sports activities to augment their bit of money and glory.
The issue of males encroaching on female sports may not be a problem much in Europe, but it is getting big in the USA. From high school on into professional sports, it is becoming quite an issue, and is becoming more vocal. And the professional part issue is mostly apparent in bicycling. Now this is not a stated issue with the ToC cancellation announcement, but with the "woke" Californians and all, it won't stay behinds the scene for very long -- it will probably surface as a big issue before the ToC resumes.
So, I say get it all out in the open. If the gender issue is not a big issue and all participants should be considered the same, then let all males and females and other gender composites compete together in the same race. No need to put on 2 separate races, and have two separate prize schedules to fund. Do it all as one. Take the issues out -- of the females that think they are equal and should be paid equal to males, and the males that think they should be allowed to compete as females.
Though, I'm hoping to get these issues resolved, with some separation between males and females, and letting the market dictate the glory and prize schedules.