We had this discussion on another thread - the FDA has put a hold on enforcement for glitters and colored micas, mostly (I think) because they have limited enforcement capability, and they’ve had to choose where to apply it.
It’s not that there’s all that much danger involved with putting glitter or some of the colored micas on your body, but the companies involved are clearly not following the rules - and yes, I think the rules should be changed. Of the two, I think glitter is more dangerous, due to its sharp edges and corners and the potential for damaging the eye if some gets in. Outside of the eye area, there’s no safety issue with either.
Personally, I think that this situation is a ticking time bomb, just waiting for some people’s eyes to get injured by glitter, or for some crusading consumer safety group trying to make a name for themselves. That could happen tomorrow, or it could be ten years from now - there’s just no telling.