Cloudflare is clearly in the right. Global censorship from an unaccountable cabal is a moral wrong. There's no sense in which Italy somehow 'wins' here, because even if they win, they lose.
Presumably AGCOM are accountable to the Italian government and therefore ultimately the Italian people. Or do you just mean 'unaccountable' in the sense that Americans should be able to do whatever they please, wherever they please, and they don't appreciate being hindered by trivial things like other country's laws.
I am very pro-piracy, but calling to Trumpist elite reads like he thinks that European instututions have no right to censor Internet, because they are European, while controlling the Internet is an exlusive American right.
I really think Europe should adopt a Chinese approach to copyright, but I don't expect US to like it at all - they started it all after all with DMCA etc.