You are skipping over the end effect. If you think you are buying a steak, but are really buying a steak bits + “ground beef” glue, that’s the problem.
IMO, calling it ground beef is very misleading unless you are farmiliar with the processes used.
But LFTB ("ground beef glue") isn't added to steak. It's added to normal, non-finely-textured beef trim before mixing, grinding, and packaging as ground beef. So this product about which everyone is talking cannot be mistaken by anyone for a steak. The finished product looks, tastes, and behaves as ground beef, and has roughly the same food safety concerns as ground beef.