I voted for Neither of the above. I translate the meaning of Anatta as “futile”.
In order to demonstrate the revised translation and the prevailing meaning, I will list 2 examples. See which ones make sense.
The present understanding.
Sabbe dhammā anattā
Things do not have a soul
Sabbesu dhammesu anattānupassī viharati
One meditates observing no self in all things
Ven. Waharaka revision (new)
Sabbe dhammā anattā
Everything is futile
Sabbesu dhammesu anattānupassī viharati
One meditates observing the futility of things