One should be at the bottom one at the top. I understand space on the phone is a premium but a second port would make the phone so much more usable. Wired headphones, flash drives, camera modules, speaker modules, keyboards, even connection to a TV, all could be used while charging. It’s a shame it’s not a thing, USB is extremely versatile port, but you only get one and it’s used for charging half of the time. (I am aware dongles exist)
The bit you’ve referring to was about devices designed FOR use underwater. Not devices that can operate under water. The OEMs will try and interpret it as you said and will end up getting fined.