MMO podcast had an interesting take that this isn't about protecting young people, bur maybe just a front to implement hardcore KYC and surveillance to "verify" everyone's age.
It could be that. It would do away with online anonymity if you have to verify your age. Lots of governments do not like anons.
Yeah, and its also just the wrong solution to the right problem. Social media and the extreme thought control and peer pressure it brings to teens is a huge problem. Thank God for Nostr. Where the only peer pressure you get is to spend all your Bitcoin in zaps and have steak, and you're happy to do it.