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Counterwallet can't effect asset description change for over 41 bytes.
Somewhere around here (or before), description string length could be evaluated and if > 41 and < 53 bytes, we could set encoding to pubkeyhash.
https://github.com/CounterpartyXCP/counterwallet/blob/542d63f887c70c426b3b62a8deed757db0d63b43/src/js/components/balances.js#L1145