The argument about blue ticks being deceptive seems dumb as a reason for a fine, they had always been a popularity/insider contacts game, now they're available to anyone willing to tie their account to a credit card. Nothing about them back when X was still called Twitter made people with checkmarks more trustworthy.
It was pretty common to run into checkmarks who were actually literal nobodies, and it was common for popular content creators who do not show their face or real name to not be able to get it despite suffering from impersonators, especially for creators who were not based in the West.