I'm watching the situation carefully. The head of the FTC has shown his tyrannical, predatory motivations by calling the crackdowns "like shooting fish in a barrel and the creators are the fish". While YouTube has plenty of blame in all of this, we shouldn't ignore the dangers of government overreach and unchecked power. Not to get political about it but it's part of the equation here.
Fining individual creators $42k per video isn't punitive; it's financial murder.
I'm giving serious consideration to making all of my YouTube videos private toward the end of the year just to be on the safe side. If the worst case scenario comes to pass, I'll permanently delete my channel.