Nobody's banning it. They can go to normal youtube if their parents let them. You're tilting at windmills.
It won't stifle communication on the internet at all. Trust us.
The problem with excessive regulation is that complying with it can be extremely complicated and time consuming. If you don't have the money to pay for that, you either risk being fined or sued, you don't play.
It sets a bar that only already wealthy people can get over.
I hope someday someone will read it.