Rachel Lambert, Director of Product Management at Meta just posted about working with the #fediverse
"Working with experts to figure out how we can reshape regulations that are built for closed systems, and adapt them to more open ones"
Ah. That's probably the game.
They've performed significant regulatory capture, and they're going to come out swinging about how the fediverse is full of material that requires regulation, and that anyone participating has to implement policies that are impossible at a hobby scale.