This argument hinges on the premise of regulators not being able to make up new rules anymore. However this isn't the case, they can still do that. The difference is now you can more effectively challenge those rules in federal courts.

But to challenge regulators in federal court will still require a lot of legal resources, which means small guys will still be effectively bound by the rules but large companies will be relatively untethered. Those large players are simultaneously less likely to innovate anyway due to being large and therefore more ossified in their thinking and a tendency to protect their present products and organization structures. Therefore I think the acceleration will be far less pronounced than the OP post suggests.