I don't want an internet designed by lawyers and politicians. And I'm afraid that's what this level of regulation and enforcement would create.
The goal of regulations is to prevent undesirable behaviours by making it "too costly" to do. The goal is not to take 30% on every app sale.
Guess what: they didn't want that, and some prefer to make cookie banners which are really obnoxious.
I'm all up for incentives for better websites, and penalties for shit ones.
Complaining about regulations as a concept is usually about forgetting those that work and seeing exclusively those that annoy you.