This isn't about advertisers and never was. This is about the FTC lawsuit and COPPA compliance. Just want to avoid the spread of misinformation.
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Advertisers are always involved even if they don't say it. Some advertisers will tell youtube to change something and they will at the drop of a hat. Because they don't want to lose their advertisers no matter what.
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If you mean they are involved, then in a way, yes, because that's part of why the FTC sued YT. Children at certain ages don't understand ads, and videos aimed at kids with ads breaks FTC guidelines, simply put. Apart from that, this has nothing to do with advertisers.
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