Compare the FSEP initiative with the independent project Fediseer developed by @db0 , intended initially to federate "endorse" and "censure" functionality on Lemmy. Both are crowdsourced, there is no "blocklist author". In fact, there is no real blocklist in a static sense, but rather a dynamic pool of classifications.
Approvals and disapprovals are affirmed through a human-based "chain of trust". Sets of classifications can be subscribed to in a granular manner. The system also allows for another principle sorely lacking in the blocklist-based approach - grace.
In the event that a temporary issue is resolved, censures can be withdrawn, and those changes can automatically federate. It's a far cry from the quasi-moralistic condemned-for-all-time scarlet letters regularly dispensed by some of The Bad Space's "trusted sources".