A ten year old was already barred from using this social media. Generally you have to be over the age of 13 to engage with these social media platforms.
But the big take away here is that instead of these platforms making their product not-addictive and generally safer, they will use this as an opportunity to force legislation that allows them more access to everyone's personal information (and invades everyone's privacy) because the law says they have to to enforce age verification to "protect children'. And since that data is their main product that they sell outright or sell access to for ad aggregation, and because they have proven to be incredibly bad as anonymizing and safeguarding that information, this is literally worse for everyone, especially children who's data is valuable because they don't have bad credit or other marks on their identities yet and that means their identities (if stolen and used for illegal activities) can detrimentally effect them for the rest of their lifetime.
That's what you're advocating for when you agree with this kind of government overreach. The companies have this worked out. When your identity is stolen they give you some credit monitoring and go on operating as if nothing happened. Maybe (and that maybe is doing Atlas levels of heavy lifting here) they end up in a class action lawsuit and the people affected get $12.
I have seen literally no ID verification law that combats this or addresses it in any way. And that's before we get to governments using this to surveil the general populace.