Social media is probably a very poorly or very narrowly defined term. Either they called out Facebook, Reddit, Snapchat, etc by name or they gave some broad description of social media that could apply to everything from Facebook all the way down to somebody's Vbulletin forum and this will be unenforceable for the vast majority of websites. Compliance is likely voluntary for the little fish in social media. I imagine that they aren't even aware that Lemmy exists.
Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
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It's the internet - so unless you're under Texas' jurisdiction, then it's likely going to just simply be ignored. Lemmy doesn't have an interest in making money in Texas or anything, so it's not like they can go after bank accounts, or otherwise retaliate in any manner other than blocking Lemmy in Texas....so...nothing lost.
Pavel from Telegram is in trouble with Texas.