An additional consequence is it’s going to be significantly harder to set up an alternative social media site, as you’ll have to play by these rules which might

An additional consequence is it’s going to be significantly harder to set up an alternative social media site, as you’ll have to play by these rules which might end up favoring a certain provider’s implementation, or delegating the government the ability to shut down your site on a whim (even if through a court). This, I think, is way more concerning than having to ID your account on Meta.