I wish this kind of behavior were punishable under the "reckless disregard for the truth" doctrine. (And also that perjury for lying on DMCAs was better enforced in general.)
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We really need to reform DMCA, for example require posting a bond if a challenge is disputed.
It does need it, but who would do that? It’s not a public enough issue that the average voter would care, and the people who abuse dmca will inevitably be large companies.
Disputes between large companies can still lead to extra pressure to reform the DMCA system.
Youtube's takedown system isn't technically a DMCA notice. It's in addition to them.