If you think these "anti drag" pushes aren't going to be used against trans people for just existing in public, you really really need to read up on the vice laws which caused Stonewall.
If you think Stonewall was only trans women and transmascs/butches/trans men weren't arrested during the leadup to the riot, you need to read up on who was there, who was arrested, and why.
They are coming for all of us. Your supposed respectability will not save you. We will survive this if we stick together, and only if.
From the Wikipedia page for Stonewall (warning for sexual assault mention):
The raid did not go as planned. Standard procedure was to line up the patrons, check their identification and have female police officers take customers dressed as women to the bathroom to verify their sex, upon which any people appearing to be physically male and dressed as women would be arrested. Those dressed as women that night refused to go with the officers. Men in line began to refuse to produce their identification. The police decided to take everyone present to the police station, after separating those suspected of cross-dressing in a room in the back of the bar. Both patrons and police recalled that a sense of discomfort spread very quickly, spurred by police who began to assault some of the lesbians by "feeling some of them up inappropriately" while frisking them.
Literally you need to defend men in dresses to fight against transphobia, period. The hate comes from the same root.
Attacking drag is attacking the right to present how you chose. And legislation against it will be weaponized against everyone, Cis, Trans, and otherwise.
Drag is a product of queer culture, and includes many many trans people in addition to GNC cis people.
Yes, you need to include Bianca Del Rio wearing a dress and makeup as part of her comedy, yes, you need to include a cis man who cross-dresses because it turns him on. As soon as you make it okay to go after one single group for wearing clothing that "doesn't match" their assigned sex or perceived gender, its open season to attack everyone for their presentation.
Yes, there are transphobic and misogynist drag performers. The whole category of art is not, and tons and tons of trans people participate in drag and drag is what cracked their egg.
Also, it's wrong to suppress anyone's presentation, whether they are cis, trans, woman, man, non-binary, gay, straight, anything. I don't care how they identify. If Trixie Mattel doing her thing makes you dysphoric, fine, don't watch her. But it's not wrong. It's not grooming. It's not anything wildly different from a cast member at Disneyland dressed as Snow White.