This all could've been avoided. Governments all over the world have been ringing the alarm bells about lack of self-regulation in tech and social media. And instead of doing even a minimum of regulation, anything to calm or assuage the governments, the entire industry went balls-to-the-wall "line go up" mode. We, collectively, only have ourselves to blame, and now it's too late.
If you look back, it didn't have to be this way: - Governments told game publishers to find a system to handle age rating or else. The industry developed the ESRB (and other local systems), and no "or else" happened. - Governments told phone and smart device manufacturers to collectively standardize on a charging standard, almost everyone agreed on USB-C and only many years later did the government step in and force the lone outlier to play ball. If that one hadn't been stubborn, there wouldn't have been a law.
The industry had a chance to do something practical, the industry chose not to, and now something impractical (but you better find a way anyway, or else) will be forced upon them. And I won't shed a tear for the poor companies finally having to do something.