Seems like a straightforward first amendment violation to me, exactly because nobody agrees on what's "true".
Also, it's important to keep in mind that the Trump ad in question does not make claims that are easily proven to be false - they are merely BS claims that are entirely unsubstantiated. I don't think they'd be taken down even if a rule against false claims existed and was properly followed. There's no evidence given for such claims, but not all claims without evidence are false.