Ultimately, this isn't about what's best for the game. This is about California law. It's easy to get emotionally invested, but the fact is that the game is fundamentally intertwined with the law because it can't exist without strong copyright and trademark protections. It thrives in part because of a massive and unregulated secondary market without any of the usual protections or restrictions.
Ultimately, Magic will be a bubble that pops. The cards simply aren't "worth" their ascribed values. Unlike a dollar that has guaranteed value as a means of paying American taxes, nobody is sitting around guaranteeing the value of Black Lotuses or aggressively hunting down counterfeiting operations. In fact, we presently see counterfeiting operations increasing both their quality and rate of output over time. Unless Wizards agrees to be a buyer of last resort for authentic Magic cards and guarantees buy prices, a card is only "worth" the cost of producing an undetected forgery. The cost is dropping and so is the rate of detection.
If you're going to get up in arms about anything, it shouldn't be the relationship between Wizards and judges. It should be that Wizards isn't making an effort to make Black Lotus harder to counterfeit. The treasury actively takes older, more easily counterfeited bills out of circulation. Wizards is making zero attempt to remove Beta cards from circulation and replace them with cards with stronger anti-counterfeiting protections.