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Twitter is not a social media anymore, it is a propaganda platform. There are regulations for media in civilized places. Twitter does not respect the law, thus it shall be banned.
If it were up to me it would be seized, because there is a public interest to this platform. Seizing it to make the algorithm transparent, fair and legal.
I really hope the EU will ban it, but I'm afraid they will ask firmly for "some changes", and claim victory over whatever "small change" is in reality. Their investigation took too long and the lead was replaced already. Then they will declare that "recent events and information were not taken in account" and go on for another N years of investigations.
Sadly, the EU recently did exactly the opposite, by taking Twitter off the DMA VLOPs list for lack of a large business user base dependent on its services.
Practically Musk cratered it in order to snap off of what he sees as shackles.