Would our politicians pass a law this unfortunate... I hope not... but I don't really have that much faith in them. The current government probably wouldn't, but governments change.
Referencing the Trump administration - the people going around threatening, deporting, arresting, taking money from, etc people as a consequence for speech they don't like - as the standard for free speech makes this far from a principled stand by cloudflare. They took their moral high ground and sunk it. This isn't about speech for them, just money.