Good points really. We see the regulations swamp in all sectors in EU. Happens when you keep increasing the EU structures, which get very high salaries and have to constantly justify their own existence.
There is too little ethics in businesses today, that’s a fact. On the other hand, crippling innovation with unclear and overly complicated ruleset will not help anyone. In fact, pretty sure the biggest players will continue to find loopholes in that mess, while new players (the innovative ones) will lose a lot in the process.