Which say very clearly that they can kick you off at any time for any reason, similar to those “We reserve the right to refuse service to anyone” (unless the reason is racism, religion and other protected categories)

I think you're mocking those who say this is overreach? But the tone is hard for me to be sure about.

In any case, regulation would seem to protect jobs here (jobs of content creators), although what it does to freedoms is much harder to analyse.