I'm trying to wrap my head around the ARC policy and from my understanding, an email arriving with an ARC headers means that the previous Authentication-Results headers have been validated by the sender. Or, from Wikipedia:
Authenticated Received Chain (ARC) is an email authentication system designed to allow an intermediate mail server like a mailing list or forwarding service to sign an email's original authentication results. This allows a receiving service to validate an email when the email's SPF and DKIM records are rendered invalid by an intermediate server's processing.
So for instance, as an intermediate, I receive an email from someone, that is signed with DKIM. I validate the SPF, DKIM and DMARC, set the AR headers accordingly, and wrap these with ARC (AAR/AS/AMS). Then, I change the subject to add "[FWD] - {subject}", and send it from MY server, with a return path being the one I got from the client, one that I DON'T have the SPF policy to send.
The receiving party, if it handles ARC, will see that the message was signed and that the original SPF/DKIM/DMARC was respected, and my return path, which is now wrong (because my server IP has not the right to send an email from the sender's domain) is still accepted because of the ARC. The DKIM failing now because of the subject change is also accepted, because of the ARC.
If I'm right about my understanding, so far, this is good.
BUT
How can the receiving party define that I am legit?
Based on this specification, I can fully craft a fake email, saying that initially, SPF/DKIM/DMARC was respected and wrap the whole with ARC. Then I can send this email by using a (fake) return path, and make-believe that the email is valid regardless of its failure because I have signed with ARC.
I don't think (I don't HOPE) that there is a list of "allowed" registrars that can be trusted when using ARC and, as an intermediate, I need to register here, because of this break the very fabric of the Internet. (yup).
So my question is the following:
How can a receiving party consider that the sender, that signed an email with ARC, is legit and can be trusted - or not?
Sorry for the long message, here's a potato: