Big corporations like expensive complicated regulations and onerous mandates because it’s a moat. They can afford to comply while indie companies, open source efforts, and startups cannot. The cost of regulatory compliance is nothing compared to the benefit of not having to compete.

A heavily regulated market becomes an oligopoly of a few players with revolving door access to government and often interlocking directorates, patent cross licensing, and other ways of further colluding to keep out competition.

This is why, for example, the big lavishly funded AI ventures are all about “safety” regulation. It would stop anyone from competing. So far that effort has also failed but expect them to keep trying.