Disclaimer: I work for YouTube, my personal view on the situation is this:
Bear in mind that YouTube does not operate only in the US with unhinged free speech laws. Many countries have stricter laws and YouTube definitely needs to comply with them.
Other than that, adpocalypse happened because of bad videos being surfaced by the algorithm so another responsibility is to the creators. (And shareholders)
There is nothing to be gained by having crap in your backyard.
Bear in mind that YouTube does not operate only in the US with unhinged free speech laws. Many countries have stricter laws and YouTube definitely needs to comply with them.
Other than that, adpocalypse happened because of bad videos being surfaced by the algorithm so another responsibility is to the creators. (And shareholders)
There is nothing to be gained by having crap in your backyard.