They have the legal right, similar to the federal government in the USA. You can disagree with their judgement, but they clearly have the right to enforce it.

Governments actually have the legal right to enact regulations on how companies operate within their jurisdiction.

If the company does not want to comply they can simply stop operating there.

The common meaning of language is important. If they want it to mean something other than 'verified' as commonly understood, they should rename it.

No divine right, just consumer protection.

USanians have been raised to believe that corporations are somehow above the law but that’s not true. Play stupid games, earn stupid fines a.k.a fuck with people and people will fuck back.