I think it's unlikely they'll revert, and even if they do, they'll probably still kill off third party apps eventually anyway. It doesn't make sense to me to trust Reddit with anything at this point.
Do these regulations even apply in this case? Lemmy is non-commercial and it’s a distributed. Who would the regulators even go after?
Is USENET still useful? I haven’t used it in over a decade and I hope it’s still around, but I would be kinda shocked if it’s still relevant.