Having this as an option might be nice, though it's more likely to be useless at scale. Having it as the only option sounds like a nightmare: Blink and you'll miss the content you're interested in, with no easy way to get back to it. To actually stay connected and up-to-date you'd have to monitor your feed 24/7, manually filtering through piles of data you don't care about to find the rare gems. And what these busybodies in Minnesota are trying to mandate is not mere availability of a chronological feed, but exclusivity.
You can certainly cut down on the number of items to scan through by simply cutting off most of it, but then you'll miss some things you would have been interested in. Even worse, making it difficult to follow a wide variety of sources can only make the filter-bubble effect more pronounced—e.g., those so inclined will still follow Fox News but will be much less likely to see anything from alternative news sources since they would need to opt in to seeing everything those sources post.
The problem is not that the feed is algorithmically filtered. We should use algorithms to automatically gather useful information from a wide variety of sources. The problem is who controls the filters, and whose interests the default algorithms serve.